Auditing Concepts

noun a person who performs accounting or bookkeeping tasks

• The accomptant provided a detailed financial report to the board of directors.
• I heard the accomptant is really good with numbers.
• I wish I had the skills to be an accomptant.
• The accomptant of the group was always the one to keep track of everyone's expenses during trips.

noun a liability in the form of a written promise to pay a sum of money owed

• The company's account payable department is responsible for managing all outstanding invoices.
• I need to make sure I pay my account payable on time to avoid any late fees.
• I totally forgot about my account payable, I need to get that sorted out ASAP.
• Keeping up with your account payable is like staying on top of your financial responsibilities.