👉 The payable project is a financial term that refers to expenses or payments that a company must make to suppliers, vendors, or other external parties as part of its regular business operations. These payments are typically recorded in the company's financial statements under payables, reflecting the obligation to pay these amounts in the near future. Unlike payable accounts receivable, which represent amounts owed by the company to others, payable projects are incurred internally and are settled through cash payments or other agreed-upon methods. This ensures that the company maintains a clear and accurate financial record of its financial obligations.
