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if youamp;#39;re thinking about applying for a job in accounts payable you may be wondering what exactly an accounts payable specialist does on a day-to-day basis well accounts payable refers to money that a business owes to third parties such as suppliers Banks other businesses and anybody else so people who work in accounts payable jobs help manage the payment of money owed to third parties letamp;#39;s take a large law firm as an example the law firm uses a lot of stationery so they order it in bulk from an online stationery supplier who delivers the goods once a week every time they make a delivery they send an invoice to the law firm with payment terms of 30 days which means they have 30 days to pay without incurring any penalties such as interest or fees because the invoices are not paid for immediately the law firm is effectively buying goods and services on account from their suppliers and because these invoices need to be paid for at some point in time each invoice becomes a
