Liabilities · Current Liabilities
2000 Accounts Payable
Since 2026.03
- What it is
- Accounts payable represents amounts owed to vendors for goods and services received but not yet paid, typically supported by an accounts payable subledger.
- Accounting standard
- Accounts payable is a liability for unpaid obligations to vendors arising from purchases and contracts. Recognition and timing follow the applicable measurement focus and accrual basis for the fund type.
- Accounting note
- Tie to AP aging at period end. Ensure cut‑off: record liabilities when goods/services are received, not when invoices are paid. Clear stale items and investigate credit balances.
- Reporting note
- Posting here should correspond to expense objects 4000–7999. Do not net payables against expenses unless explicitly allowed by policy.
- Examples
- Vendor invoices approved but unpaid; utility power bill received but unpaid; contractor progress payment payable.
- Do not use for
- Accrued payroll and benefits (use 2010); interfund payables (use 2030).
Where it reports on the Cities FTR
| Fund type | FTR line |
|---|---|
| Governmental funds | Form 37 R19 Accounts PayableGEN_ACCT_PAYABLE Column for the fund's type (general, special revenue, capital projects, debt service, permanent). |
| Government-wide ledger (980) | Not reported. Current liabilities of governmental activities are not reported on form 40. |
| Enterprise funds (water example) | Form 38 R32 Accounts PayableENT_ACCT_PAYABLE Enterprise or internal service column. |
| Internal service funds | Form 38 R32 Accounts PayableINT_SERV_ACCT_PAYABLE Enterprise or internal service column. |
| Fiduciary funds (pension trust example) | Form 39 R22 Accounts PayablePEN_OTHER_EE_BEN_TRUST_ACCT_PAYABLE Column for the trust or custodial fund type. |
Enterprise placement is shown for a water fund; other enterprise funds use the same line on their own form. Check any combination in the FTR finder.