In these reports of accounts receivable vs accounts payable, accounts receivable refers to money that customers owe and is found on the list of current assets. Bills you owe to suppliers are reported as accounts payable and they fall under current liabilities. A company should have more receivables than payables to guarantee that money keeps flowing. They allow you to evaluate the company’s near-term finances and liquidity. Embodying best practices, stakeholders check trends in AR and AP to oversee how things are running and how well payments are managed.