Definition
Money the HOA owes to vendors and service providers but has not yet paid.
Accounts payable is what the association owes others — unpaid vendor invoices for landscaping, utilities, repairs, and services. It's a liability on the balance sheet.
Managing accounts payable well means paying obligations on time to preserve vendor relationships and avoid late fees, while keeping approvals and documentation in order. Clear payables tracking also prevents surprises about how much cash is actually committed.