wages payable

Definition

Wages owed to an employee. For accounting purposes, this amount reflects wages earned by an employee for work that has been performed but not yet paid at the time of the report. Also known as salary payable.

Use wages payable in a sentence

My accountant must be diligent in reminding the sales crew to collect their accounts receivable when the wages payable exceeds cash on hand.

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My boss asked me to run a payroll report that would show him the wages payable to each outstanding employee so he would know what he needed to make payroll.

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Johnny knew that he was due over $1000 in wages payable, despite the fact that his position had been terminated last week by the company after ten years of service.

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