Payables and Payment: Difference between pages
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An amount of money paid. | |||
1. | |||
Defined broadly, payment refers to the payor’s transfer of a monetary claim on a party acceptable to the payee. Typically, claims take the form of banknotes or deposit balances held at a financial institution or at a central bank. | |||
2. | |||
The term is also defined more strictly for certain accounting and tax purposes, where the exact timing of payments - for example either within or outside of a given tax calculation period - may be essential for the determination of tax liabilities and tax reliefs. | |||
== See also == | == See also == | ||
* [[ | * [[Pay]] | ||
* [[ | * [[PSOR]] | ||
* [[ | * [[Receipt]] | ||
* [[ | * [[Remittance]] | ||
* [[ | * [[Payment factory]] | ||
[[Category: | [[Category:Cash_management]] | ||
Revision as of 12:00, 1 November 2016
An amount of money paid.
1.
Defined broadly, payment refers to the payor’s transfer of a monetary claim on a party acceptable to the payee. Typically, claims take the form of banknotes or deposit balances held at a financial institution or at a central bank.
2.
The term is also defined more strictly for certain accounting and tax purposes, where the exact timing of payments - for example either within or outside of a given tax calculation period - may be essential for the determination of tax liabilities and tax reliefs.
