Accounts Payable
Construction accounts payable (AP) definition. Learn how to manage payments to suppliers and subcontractors while maintaining project cash flow.
Calculation Formula
Current AP = Σ (Unpaid Invoices from Vendors/Subs) Real Contractor Example
Your lumber yard sends an invoice for $5,000 and your plumber sends one for $3,000. Until you pay them, these amounts form your AP.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.