Common use of Accounts Payable Clause in Contracts

Accounts Payable. The Accounts Payable report represents invoices that have been received and recorded, but checks have not been issued. If necessary, please provide a reconciliation of this report to the general ledger account balances. Accrual Schedules: Accrual schedules must be submitted in the monthly accounting package detailing the accrual entries made to the general ledger in the current month.