Accounts Payable
Accounts payable is money owed by the InsuredHQ user to suppliers and third parties.
InsuredHQ creates a creditor invoice when a policy is bound depending on who the creditor is - for tax collection it is the tax agency; for levies, the government agency or for premium payments, the insurer/reinsurer.
InsuredHQ produces a creditor bordereau at the end of each month so you can track who you owe and reconcile your bank account accordingly.
