IS the lifeblood of a business's cash flow, its important part of calculating your profitability, and provides the clearest indicator of the business income, they are considered an asset, all on a promise they will be paid at some point
in the very near future.

Also Pending AP in your books can indicate your business’ inability to clear your bills.

And could cost you late fees, and penalties, it can be damaging to your relationship with your vendor or seller.