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Planned: US GAAP books on autopilot, checked by a CPA.

The components underneath are free and MIT-licensed.

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The bookkeeping service isn’t open yet, but we’re building it. The components are available now.About Contact Privacy Terms registry.jsonGeneral information, not tax, legal or accounting advice. Check with a CPA before you act on it.© 2026 Lopi Labs LLC. All trademarks are property of their owners; use does not imply affiliation or endorsement.

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Glossary
/
Payables

Recurring bill

In accounting, recurring bill means a template that creates the same bill on a schedule — rent, a software subscription — for review and approval each time. Each occurrence is its own bill, recognized for the period it covers, not an automatic payment.

Authority
Not called
Components
Related terms
More in Payables

Not a rule. Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources

What it is not called

Each of these means something else. Use one here and an accountant reading the product notices.

autopay (which moves cash)
blanket purchase order

Nearby in the catalog

No component names this concept outright. These sit in the same part of the system.

11Payables (AP)

4 of 4 builtFamily spec

BillRegisterAging and approval state.
DuplicateBillAlertBlocking. Duplicate payment is one of the most common AP losses.
ApprovalChainSegregation of duties enforced. Approvals bind to a version.
ApprovalInboxMobile-first, document inline.

Terms this one depends on

ApprovalFormal authorization of a specific version
PeriodA fiscal reporting window
BillA claim against us

Also in Payables

AP reconciliation
Bill
Blanket purchase order
Business email compromise
Card feed
Change order
Corporate card
Duplicate payment
Dynamic discounting
Early-payment discount
Expense report
Form 1096

Previous in PayablesKReceipt matchingPairing a card transaction with the receipt that evidences it. Both queues stay visible: transactions with no receipt, and receipts with no transaction JNext in PayablesReimbursementRepaying an employee for a business cost they paid personally. Until paid it is owed to the employee, not to a vendor; whether it is tax-free depends on the employer's accountable plan

Defined in Lexicon. This page is generated from that document, so the two can't disagree.

On this page

Definition
Authority
Not called
Components
Related terms
More in Payables

All Payables terms