AP, AR, GL Abbreviations. Please Explain, Thank You!?

Hi,

One of our perspective prospective customers told said this:

"I want a smooth and easy merge with the word processor for all data fields which include late notices, price increases, general mailings for self storage rentals. Rent roll, vacancy listing, auto monthly billing, AP, AR, GL"

I did managed to find the definitions for self-storage, rent-roll, etc, but I failed to find anything which can explain AP, AR and GL in this context.

Accounts Payable, Accounts Receivable, General Ledger (ie financial terms)

Also, not sure I understood "word processor". It's the computer software you use to write letters, etc. eg MS Word, WordPerfect.

Any help will be much appreciated.

Best wishes, Clive

Clive, many thanks for your quick assistance! I appreciate this.

Thanks

-Jams

Hi,

They are all standard accounting terms.

AP = Accounts Payable

AR = Accounts Receivable

GL = General Ledger

Clive

AP is Accounts Payble -- system for tracking the paying out of money from the business to vendors
AR is Accounts Receivable -- system for tracking the receivables -- money customers owe to the business
GL is the General Ledger -- system for keeping track of all money flows within a business.

For example, Quickbooks includes AP, AR, and GL functions.

Larry

AP-Accounts Payable

AR-Accounts Receivable

GL-General Ledger

thank you so much dear .. very help full me

thank you so much sir , for my help , you answer help me to find the actual meaning of AP/AR/GA