{"id":76147,"date":"2026-05-01T16:40:08","date_gmt":"2026-05-01T14:40:08","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=76147"},"modified":"2026-05-22T12:34:37","modified_gmt":"2026-05-22T10:34:37","slug":"accounts-payable-vs-notes-payable","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-vs-notes-payable\/","title":{"rendered":"Notes payable vs accounts payable: Differences and examples"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard entry-header--has-illustration entry-header--has-illustration--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tNotes payable vs accounts payable: Differences and examples\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tAre you part of your business&#8217;s accounting team? Understanding notes payable vs accounts payable is key to effectively managing what your business owes.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-01T16:40:08+02:00\">May 1, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Notes payable vs accounts payable: Differences and examples\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-vs-notes-payable\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-za\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<section class=\"wp-block-sage-container is-constrained\"><div class=\"sage-container__inner\">\n<h3 class=\"wp-block-heading\" id=\"h-key-takeaways\">Key takeaways<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Accounts payable and notes payable are both liabilities, but they serve different purposes.<\/strong> Accounts payable covers short\u2011term supplier invoices, while notes payable relates to formal borrowing with agreed repayment terms.<\/li>\n\n\n\n<li><strong>Accounts payable is short term and interest\u2011free.<\/strong> It usually relates to everyday operational purchases and is settled within 30\u201390 days, helping businesses manage cash flow without borrowing costs.<\/li>\n\n\n\n<li><strong>Notes payable involves structured repayment and interest.<\/strong> It is used for larger or longer\u2011term financing, such as loans or major equipment purchases, and may appear as a short\u2011 or long\u2011term liability.<\/li>\n\n\n\n<li><strong>Managing both effectively supports financial stability.<\/strong> Clear tracking and reporting help businesses stay on top of obligations, protect cash flow, and maintain strong relationships with suppliers and lenders.<\/li>\n<\/ul>\n<\/div><\/section>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Managing your business finances involves handling various liabilities, including notes payable and accounts payable.<\/p>\n\n\n\n<p>While both represent obligations your company owes to creditors, they have distinct characteristics that impact financial reporting, cash flow management, and decision-making.<\/p>\n\n\n\n<p>This guide explains the meaning, key differences, and examples of notes payable vs <a href=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounts payable<\/a> to help your accounting team manage them effectively.<\/p>\n\n\n\n<p><a><\/a><strong>Here&#8217;s what we cover:<\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-notes-payable-meaning\" data-level=\"2\">Notes payable meaning<\/a><\/li><li><a href=\"#h-accounts-payable-meaning\" data-level=\"2\">Accounts payable meaning<\/a><\/li><li><a href=\"#h-accounts-payable-vs-notes-payable-key-differences\" data-level=\"2\">Accounts payable vs notes payable: Key differences<\/a><\/li><li><a href=\"#h-similarities-between-notes-payable-and-accounts-payable\" data-level=\"2\">Similarities between notes payable and accounts payable<\/a><\/li><li><a href=\"#h-accounts-payable-vs-notes-payable-a-side-by-side-comparison\" data-level=\"2\">Accounts payable vs notes payable: A side-by-side comparison<\/a><\/li><li><a href=\"#h-notes-payable-vs-accounts-payable-examples\" data-level=\"2\">Notes payable vs accounts payable examples<\/a><\/li><li><a href=\"#h-the-role-of-accounts-payable-and-notes-payable-in-a-p2p-process\" data-level=\"2\">The role of accounts payable and notes payable in a P2P process<\/a><\/li><li><a href=\"#h-streamline-accounts-payable-and-notes-payable-with-the-right-software\" data-level=\"2\">Streamline accounts payable and notes payable with the right software<\/a><\/li><li><a href=\"#h-notes-payable-vs-accounts-payable-key-takeaways\" data-level=\"2\">Notes payable vs accounts payable: Key takeaways<\/a><\/li><li><a href=\"#h-frequently-asked-questions-faqs\" data-level=\"2\">Frequently asked questions (FAQs)<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-notes-payable-meaning\"><a><\/a><strong>Notes payable meaning<\/strong><\/h2>\n\n\n\n<p>Notes payable refers to a formal, written agreement in which your business borrows money from a lender and commits to repaying it later, usually with interest.<\/p>\n\n\n\n<p>Unlike short-term invoices that require quick payment, notes payable involves structured repayment terms that can extend over months or years.<\/p>\n\n\n\n<p>Your business might use notes payable in situations such as these:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Taking out a loan from a bank for expansion<\/li>\n\n\n\n<li>Financing large equipment purchases instead of paying upfront<\/li>\n\n\n\n<li>Negotiating extended payment terms with a supplier by formalising the debts into a promissory note.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-components-of-notes-payable\"><a><\/a><strong>Components of notes payable<\/strong><\/h3>\n\n\n\n<p>A notes payable agreement typically includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Principal amount:<\/strong> the total borrowed sum<\/li>\n\n\n\n<li><strong>Interest rate: <\/strong>the percentage charged on the borrowed amount<\/li>\n\n\n\n<li><strong>Maturity date: <\/strong>the final repayment deadline<\/li>\n\n\n\n<li><strong>Payment schedule:<\/strong> monthly, quarterly, or lump-sum repayment terms<\/li>\n\n\n\n<li><strong>Lender details:<\/strong> information about the creditor providing the loan.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-importance-of-notes-payable\"><a><\/a><strong>The importance of notes payable<\/strong><\/h3>\n\n\n\n<p>Notes payable is essential for business financing, providing access to the funds needed for growth, expansion, and major purchases.<\/p>\n\n\n\n<p>It allows your accounting team to manage cash flow strategically, making sure you have the resources to invest while spreading payments over time.<\/p>\n\n\n\n<p>Effectively managing notes payable ensures your business can leverage financing opportunities while minimising risks, keeping operations financially sound and sustainable.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download the guide to the 2026\/27 Budget to review key tax, payroll, and employment changes for South African businesses.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-accounts-payable-meaning\"><a><\/a><strong>Accounts payable meaning<\/strong><\/h2>\n\n\n\n<p>Accounts payable (AP) refers to short-term obligations your business owes to suppliers or vendors for goods and services received on credit.<\/p>\n\n\n\n<p>These debts are typically due within 30 to 90 days and, unlike notes payable, do not accrue interest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-importance-of-accounts-payable\"><a><\/a><strong>The importance of accounts payable<\/strong><\/h3>\n\n\n\n<p>Managing accounts payable (AP) effectively is crucial for maintaining healthy cash flow and strong supplier relationships.<\/p>\n\n\n\n<p>A well-organised AP process ensures that your business:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maintains a positive cash flow by managing payment timing efficiently<\/li>\n\n\n\n<li>Avoids late fees and preserves creditworthiness with suppliers<\/li>\n\n\n\n<li>Strengthens supplier relationships, leading to better terms and potential discounts.<\/li>\n<\/ul>\n\n\n\n<p>Optimising accounts payable helps your team stay on top of obligations, reduce errors, and improve financial stability\u2014all of which contribute to a more efficient and profitable business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-accounts-payable-vs-notes-payable-key-differences\"><a><\/a><strong>Accounts payable vs notes payable: Key differences<\/strong><\/h2>\n\n\n\n<p>Understanding the differences between accounts payable and notes payable is essential for effectively managing your company&#8217;s financial obligations.<\/p>\n\n\n\n<p>While both represent liabilities, they serve different purposes, impact cash flow differently, and require distinct accounting treatments.<\/p>\n\n\n\n<p>Here&#8217;s how they compare:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-types-and-scope\"><a><\/a><strong>1. Types and scope<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Notes payable<\/strong><\/td><td><strong>Accounts payable<\/strong><\/td><\/tr><tr><td><strong>Type of debt<\/strong><\/td><td>Formal loan agreement<\/td><td>Short-term vendor credit<\/td><\/tr><tr><td><strong>Repayment term<\/strong><\/td><td>Medium to long term<\/td><td>Short term (30 to 90 days)<\/td><\/tr><tr><td><strong>Interest<\/strong><\/td><td>Usually includes interest<\/td><td>No interest charged<\/td><\/tr><tr><td><strong>Legal agreement<\/strong><\/td><td>Formal promissory note<\/td><td>No formal contract<\/td><\/tr><tr><td><strong>Usage<\/strong><\/td><td>Loans, financing, structured payment agreements<\/td><td>Regular business purchases from suppliers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-accounting-classification-and-entries\"><a><\/a><strong>2. Accounting classification and entries<\/strong><\/h3>\n\n\n\n<p>Both notes payable and accounts payable are classified as liabilities, but appear differently in financial statements.<\/p>\n\n\n\n<p><strong>Notes payable:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recorded as a long-term or short-term liability, depending on the repayment period<\/li>\n\n\n\n<li>Includes an interest expense entry<\/li>\n\n\n\n<li>Requires a journal entry for principal and interest payments.<\/li>\n<\/ul>\n\n\n\n<p><strong>Accounts payable:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recorded as a short-term liability on the balance sheet<\/li>\n\n\n\n<li>No interest is recorded since it represents trade credit<\/li>\n\n\n\n<li>Reduced when payments are made to suppliers.<\/li>\n<\/ul>\n\n\n\n<p>Tracking and categorising these liabilities correctly helps to ensure your team delivers accurate reporting and better cash flow management.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-similarities-between-notes-payable-and-accounts-payable\"><a><\/a><strong>Similarities between notes payable and accounts payable<\/strong><\/h2>\n\n\n\n<p>Despite their differences, both accounts payable and notes payable share common characteristics:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-liabilities\"><a><\/a><strong>Liabilities<\/strong><\/h3>\n\n\n\n<p>Both are obligations that your business must settle in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-payment-obligation-and-terms\"><a><\/a><strong>Payment obligation and terms<\/strong><\/h3>\n\n\n\n<p>Both require your team to follow timely payments, though notes payable have structured interest-bearing schedules, while accounts payable involves short-term trade credits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cash-flow-management\"><a><\/a><strong>Cash flow management<\/strong><\/h3>\n\n\n\n<p>Both accounts payable and notes payable have a direct impact on your business&#8217;s cash flow. <\/p>\n\n\n\n<p>Managing them well helps maintain liquidity and avoid financial strain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-balance-sheet-reporting\"><a><\/a><strong>Balance sheet reporting<\/strong><\/h3>\n\n\n\n<p>Both are recorded on your business balance sheet:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accounts payable is usually listed under current liabilities<\/li>\n\n\n\n<li>Notes payable can appear under either current or long-term liabilities, depending on the repayment timeline.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-power-of-effective-management\"><a><\/a><strong>The power of effective management<\/strong><\/h3>\n\n\n\n<p>Effectively managing accounts payable and notes payable is essential to keeping your business running smoothly.<\/p>\n\n\n\n<p>It helps maintain strong relationships with suppliers and lenders, avoids late fees, and makes sure your team can accurately report financials.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download the guide to the 2026\/27 Budget to review key tax, payroll, and employment changes for South African businesses.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-accounts-payable-vs-notes-payable-a-side-by-side-comparison\"><a><\/a><strong>Accounts payable vs notes payable: A side-by-side comparison<\/strong><\/h2>\n\n\n\n<p>Need a quick way to distinguish between accounts payable and notes payable? <\/p>\n\n\n\n<p>Here&#8217;s a clear breakdown to help you distinguish the two:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-accounts-payable-ap\"><a><\/a><strong>Accounts payable (AP)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Repayment term:<\/strong> short-term debt\u2014typically due within a year\u2014for goods and services your business receives on credit.<\/li>\n\n\n\n<li><strong>Legal agreement:<\/strong> no formal contract is required.<\/li>\n\n\n\n<li><strong>Interest charged:<\/strong> no, these purchases usually don&#8217;t incur interest if paid within the agreed terms, and some vendors may even offer early payment discounts.<\/li>\n\n\n\n<li><strong>Financial statement classification:<\/strong> listed as a current liability on your balance sheet. These are non-collateralised obligations, and as long as payments are made on time, supplier relationships remain strong.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-notes-payable-np\"><a><\/a><strong>Notes payable (NP)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Repayment term:<\/strong> medium to long-term debt that extends beyond standard invoice terms.<\/li>\n\n\n\n<li><strong>Legal agreement:<\/strong> yes, a promissory note is required. This written agreement outlines the principal amount, interest rate, payment schedule, and any collateral involved.<\/li>\n\n\n\n<li><strong>Interest charged:<\/strong> yes, notes payable includes interest, which adds to the total repayment amount over time.<\/li>\n\n\n\n<li><strong>Financial statement classification:<\/strong> can be classified as a short-term or long-term liability, depending on the repayment period.<\/li>\n\n\n\n<li><strong>Lenders:<\/strong> often issued by banks, but other financial institutions or even vendors may provide financing through notes payable.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-notes-payable-vs-accounts-payable-examples\"><a><\/a><strong>Notes payable vs accounts payable examples<\/strong><\/h2>\n\n\n\n<p>Understanding how notes payable and accounts payable function in real business scenarios helps clarify their differences. <\/p>\n\n\n\n<p>Here are two examples:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Example of notes payable<\/h3>\n\n\n\n<p>You are a restaurant owner who needs to renovate the dining area and purchase new kitchen equipment.<\/p>\n\n\n\n<p>To finance the upgrade, you borrow R750,000 from a bank under a five-year repayment plan with a 5% interest rate.<\/p>\n\n\n\n<p>This loan is classified as a note payable and recorded as a liability on the balance sheet.<\/p>\n\n\n\n<p>In this case, your restaurant makes scheduled payments until the debt is fully repaid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Example of accounts payable:<\/h3>\n\n\n\n<p>You are part of a marketing agency that orders R150,000 worth of office supplies, including laptops, printers, and stationery, from a vendor.<\/p>\n\n\n\n<p>The vendor offers Net-60 payment terms, meaning your agency has 60 days to pay.<\/p>\n\n\n\n<p>This transaction is recorded as accounts payable, a short-term liability settled when the payment is made within the agreed timeframe.<\/p>\n\n\n\n<p>These examples highlight the key distinction: notes payable involves formal borrowing with structured repayment and interest, while accounts payable covers short-term credit for operational expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-role-of-accounts-payable-and-notes-payable-in-a-p2p-process\"><a><\/a><strong>The role of accounts payable and notes payable in a P2P process<\/strong><\/h2>\n\n\n\n<p>Managing vendor payments efficiently is crucial for your business procure-to-pay (P2P) process. <\/p>\n\n\n\n<p>Both accounts payable and notes payable play key roles in keeping your business running:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Accounts payable:<\/strong> covers day-to-day supplier invoices and makes sure payments are approved and processed on time.<\/li>\n\n\n\n<li><strong>Notes payable:<\/strong> manages longer-term financial obligations, such as loans or structured repayment agreements.<\/li>\n<\/ul>\n\n\n\n<p>Keeping a healthy balance between accounts payable and notes payable helps to maintain steady cash flow, avoid late fees, and strengthen relationships with suppliers and lenders.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Budget Speech: 2026\/2027<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download the guide to the 2026\/27 Budget to review key tax, payroll, and employment changes for South African businesses.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-a2a54612-83e6-4a6c-b6a6-d71baac631c1\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg\" class=\"single-cta__image\" alt=\"Smiling businessman using tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-41-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-streamline-accounts-payable-and-notes-payable-with-the-right-software\"><a><\/a><strong>Streamline accounts payable and notes payable with the right software<\/strong><\/h2>\n\n\n\n<p>Tired of manual payment tracking and inefficient purchasing processes?<\/p>\n\n\n\n<p>The right <a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>accounts payable software<\/strong><\/a> can take the pressure off by automating key workflows and improving visibility across your business.<\/p>\n\n\n\n<p>With the right tools in place, your accounting team can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Process invoices automatically<\/strong>, reducing manual entry and minimising errors<\/li>\n\n\n\n<li><strong>Create journal entries <\/strong>with ease, saving time on reconciliations and month-end close<\/li>\n\n\n\n<li><strong>Track loans and debt<\/strong> for notes payable, keeping repayment schedules clear and organised<\/li>\n\n\n\n<li><strong>Centralise documents<\/strong> into a single source of truth, so nothing falls through the cracks<\/li>\n\n\n\n<li><strong>Automate payment scheduling and reminders<\/strong>, making sure bills are paid on time<\/li>\n\n\n\n<li><strong>Process bills and payments across multiple entities<\/strong>, all within a single account<\/li>\n\n\n\n<li><strong>Leverage AI-powered payment processing<\/strong> to optimise when and how payments are made\u2014based on cash flow forecasts, vendor terms, and preferred payment methods<\/li>\n\n\n\n<li><strong>Improve financial reporting<\/strong> with real-time insights into your cash position and liabilities.<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Automating your accounts payable<\/strong><\/a> and notes payable processes not only saves time and reduces financial risk, but it also empowers your team to focus on more strategic work that drives your business forward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-notes-payable-vs-accounts-payable-key-takeaways\"><a><\/a><strong>Notes payable vs accounts payable: Key takeaways<\/strong><\/h2>\n\n\n\n<p>Understanding the difference between accounts payable and notes payable is essential for keeping your business finances in check.<\/p>\n\n\n\n<p>Here&#8217;s a quick recap:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Accounts payable:<\/strong> short-term credit from suppliers, no interest, and part of routine operations.<\/li>\n\n\n\n<li><strong>Notes payable:<\/strong> formal agreements with lenders, includes interest, and used for structured financing.<\/li>\n<\/ul>\n\n\n\n<p>Both play a key role in maintaining liquidity and financial stability. <\/p>\n\n\n\n<p>With the right <a href=\"https:\/\/www.sage.com\/en-za\/accounting-software\/accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounting software<\/a>, managing these liabilities becomes easier, reducing errors and freeing up your team&#8217;s time for more strategic tasks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><strong>Frequently asked questions (FAQs)<\/strong><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1777548150499\"><strong class=\"schema-faq-question\"><strong>Are credit cards considered notes payable?<\/strong><\/strong> <p class=\"schema-faq-answer\"><br>No. <br><br>Credit card debt is classified separately under short-term liabilities, but doesn&#8217;t fall under notes payable since it doesn&#8217;t involve a promissory note agreement.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777548162692\"><strong class=\"schema-faq-question\"><strong>Can accounts payable entry be converted to a notes payable entry?<\/strong><\/strong> <p class=\"schema-faq-answer\"><br>Yes. <br><br>If your business needs more time to pay off an accounts payable balance, it can negotiate with the vendor to convert it into a structured notes payable agreement, extending the payment period.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777548191267\"><strong class=\"schema-faq-question\">What is the main difference between accounts payable and notes payable?<\/strong> <p class=\"schema-faq-answer\"><br>The main difference is the type and duration of the obligation.<br><br>Accounts payable refers to short\u2011term amounts owed to suppliers for goods or services received on credit, usually without interest. <br><br>Notes payable involves a formal written agreement to repay borrowed money, often over a longer period and with interest.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777548218419\"><strong class=\"schema-faq-question\">Are notes payable always long\u2011term liabilities?<\/strong> <p class=\"schema-faq-answer\"><br>No. <br><br>Notes payable can be short\u2011term or long\u2011term, depending on the repayment timeline. If the balance is due within 12 months, it may be classed as a current liability. <br><br>Longer repayment terms are recorded as long\u2011term liabilities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777548240802\"><strong class=\"schema-faq-question\">Does accounts payable ever include interest?<\/strong> <p class=\"schema-faq-answer\"><br>Typically, no. <br><br>Accounts payable does not accrue interest when invoices are paid within agreed terms. <br><br>However, late payments may lead to penalties or fees, depending on the supplier agreement.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1777548276370\"><strong class=\"schema-faq-question\">Can accounts payable be turned into notes payable?<\/strong> <p class=\"schema-faq-answer\"><br>Yes.<br><br>If a business needs more time to settle a supplier balance, it may agree to convert accounts payable into notes payable.<br><br>This creates a formal repayment structure with defined terms and, in some cases, interest.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice enewsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-84fe79b5-668d-41f8-a0cc-6229018c4ac9\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/accountants\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccounting 101\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/bookkeeping\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBookkeeping\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/business-management\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness management\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-76358 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-profit-loss business_type-small-business business_type-medium-business business_type-accountants card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1064\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-1064x810.jpg\" class=\"card-post__image\" alt=\"Two businesswomen looking at report on tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T12:39:10+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-reports-guide\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tThe ultimate guide to accounts payable reports and reporting\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tAccounts payable reports help you track the money your business owes suppliers and other short-term creditors. They show outstanding invoices, payment due dates, vendor balances, and cash flow commitments, so you can manage liabilities, avoid late payments, and plan ahead with more confidence.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-76331 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-business-management tag-profit-loss tag-staying-competitive tag-tax business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-process\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T11:51:14+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is the accounts payable process? Steps, workflow and how to improve it\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-76318 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-inventory-management business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/abc-analysis\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-43-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-02T15:45:55+02:00\">June 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">17 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is ABC analysis in inventory management? Definition, steps and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-76286 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-bookkeeping tag-business-intelligence tag-data-analysis tag-financial-insights tag-making-financial-decisions tag-profit-loss tag-trending-topics business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-reconciliation\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2021\/11\/HR-and-Payroll-image--684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2021\/11\/HR-and-Payroll-image--684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2021\/11\/HR-and-Payroll-image--768x513.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2021\/11\/HR-and-Payroll-image--1213x810.jpg 1213w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-22T12:28:04+02:00\">May 22, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe ultimate guide to accounts payable reconciliation\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-76271 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-bookkeeping tag-business-intelligence tag-data-analysis tag-profit-loss tag-trending-topics business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accrued-expenses-vs-accounts-payable\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/07\/GettyImages-1252669747-2-684x384.jpg\" class=\"card-post__image\" alt=\"people in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/07\/GettyImages-1252669747-2-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/07\/GettyImages-1252669747-2-768x432.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/07\/GettyImages-1252669747-2-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-22T11:35:30+02:00\">May 22, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccrued expenses vs accounts payable: Key differences\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Are you part of your business&#8217;s accounting team? Understanding notes payable vs accounts payable is key to effectively managing what your business owes.<\/p>\n","protected":false},"author":1774,"featured_media":68323,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[25],"tags":[294,313,315,166],"business_type":[2,3,5],"lilypad":[],"context":[],"industry":[],"persona":[6,12,13,15,16],"imagine_tag":[51,52,63,353,84,374,85,86],"coauthors":[401],"class_list":["post-76147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-accountants","tag-bookkeeping","tag-business-intelligence","tag-business-management","business_type-small-business","business_type-medium-business","business_type-accountants"],"sage_meta":{"region":"en-za","author_name":"Yassir Malik","featured_image":"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-39.jpg","imagine_tags":{"51":"Accountants","52":"Accounting software","63":"Business intelligence","353":"Costs and cash flow","84":"Midsized business","374":"Reporting","85":"Small business","86":"Start up business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice South Africa","distributor_original_site_url":"https:\/\/www.sage.com\/en-za\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/users\/1774"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/comments?post=76147"}],"version-history":[{"count":5,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76147\/revisions"}],"predecessor-version":[{"id":76298,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/76147\/revisions\/76298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media\/68323"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media?parent=76147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/categories?post=76147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/tags?post=76147"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/business_type?post=76147"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/lilypad?post=76147"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/context?post=76147"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/industry?post=76147"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/persona?post=76147"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/imagine_tag?post=76147"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/coauthors?post=76147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}