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Payable vs. Expense — What's the Difference?

Payable vs. Expense — What's the Difference?

Difference Between Payable and Expense

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Payable

Requiring payment on a certain date; due.

Expense

Expenditure is an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense.

Payable

Requiring payment to a particular person or entity.

Expense

The cost incurred in or required for something
Conference rooms were equipped at great expense
Book into the best hotel you can find and hang the expense

Payable

Capable of producing profit
A payable business venture.
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Expense

Offset (an item of expenditure) as an expense against taxable income
Up to $17,500 in capital expenditures can be expensed in the year they were incurred

Payable

A debt that is owed to a creditor
Tried to balance inventory, payables, and receivables.

Expense

Something spent to attain a goal or accomplish a purpose
An expense of time and energy on the project.

Payable

Due to be paid.
Is value-added tax payable on planning application fees?

Expense

A loss for the sake of something gained; a sacrifice
Achieved speed at the expense of accuracy.

Payable

Able to be paid.

Expense

An expenditure of money; a cost
An improvement that was well worth the expense.
A trip with all expenses paid.

Payable

Of a mine etc.: capable of yielding profit; profitable.

Expense

Charges incurred by an employee in the performance of work
Was reimbursed for her travel expenses.

Payable

(in the plural) Debts owed by a business; liabilities.

Expense

(Informal) Money allotted for payment of such charges.

Payable

A thing that may be paid.

Expense

Something requiring the expenditure of money
Redecorating the house will be a considerable expense.

Payable

That may, can, or should be paid; suitable to be paid; justly due.
Thanks are a tribute payable by the poorest.

Expense

(Archaic) The act of expending.

Payable

That may be discharged or settled by delivery of value.

Expense

To charge with expenses.

Payable

Subject to or requiring payment especially as specified;
A collectible bill
A note payable on demand
A check payable to John Doe

Expense

To write off as an expense.

Expense

A spending or consuming, often a disbursement of funds.
She went to great expense to ensure her children would get the best education.
Buying the car was a big expense, but will be worth it in the long run.
We had a training weekend in New York, at the expense of our company.

Expense

The elimination or consumption of something, sometimes with the notion of loss or damage to the thing eliminated.
Jones reached the final at the expense of Smith, who couldn't beat him.

Expense

(obsolete) Loss.

Expense

(transitive) To charge a cost against an expense account; to bill something to the company for which one works.
It should be acceptable to expense a business lunch with a client.

Expense

A spending or consuming; disbursement; expenditure.
Husband nature's riches from expense.

Expense

That which is expended, laid out, or consumed; cost; outlay; charge; - sometimes with the notion of loss or damage to those on whom the expense falls; as, the expenses of war; an expense of time.
Courting popularity at his party's expense.

Expense

Loss.
And moan the expense of many a vanished sight.

Expense

Amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

Expense

A detriment or sacrifice;
At the expense of

Expense

Money spent to perform work and usually reimbursed by an employer;
He kept a careful record of his expenses at the meeting

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