What is the difference between AP and AR invoice? - ProProfs Discuss
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What is the difference between AP and AR invoice?



Asked by Quinntessential, Last updated: Jun 17, 2022

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2 Answers

John Adney

John Adney

John Adney
John Adney

Answered Jul 05, 2017

AP (accounts payable)invoicescarry amounts company owes because it purchased goods or services on credit from a supplier or vendor.AR(accounts receivable) are amounts a company has a right to collect because it sold goods or services on credit to a customer.

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John Smith

John Smith

John Smith
John Smith

Answered Nov 07, 2016

Accounts Payable (A/P) will decrease the company's cash while the opposite will happen with Accounts Receivable (A/R).

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