Accounts payable is a process that have provided the business with goods or services on credit. That are to be paid in the short-term debt and a liability on a balance sheet where a business owes money to its vendors or suppliers, it appears under the current liabilities section of the Balance Sheet. An accounts payable main responsibility is to process and review transactions between the company and suppliers and to make sure that all outstanding invoices from their suppliers are approved, then processed and paid.