{"id":220538,"date":"2025-10-17T11:05:47","date_gmt":"2025-10-17T09:05:47","guid":{"rendered":"https:\/\/easy-software.com\/?post_type=glossar&p=220538"},"modified":"2025-10-17T11:06:10","modified_gmt":"2025-10-17T09:06:10","slug":"creditor","status":"publish","type":"glossar","link":"https:\/\/easy-software.com\/en\/glossary\/creditor\/","title":{"rendered":"Creditor"},"content":{"rendered":"
\n
\n
\n
\n\n

But what exactly does this designation mean, and what role<\/mark> does it play in<\/mark> the interaction<\/mark> between procurement<\/mark> and accounting<\/mark>?<\/p>\n\n\n

\n\n

\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t\t<\/path>\t\t\t\t\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t\t<\/path>\t<\/svg><\/span><\/p>\n\n\n\n

What Is a Creditor?<\/h2>\n\n\n\n

A creditor is a business partner<\/mark> who has provided<\/mark> a company with services or products<\/mark> \u2013 such as office supplies, IT services, or consulting. In return, they expect<\/mark> compensation, usually in the form of payment<\/mark>.<\/p>\n\n\n\n

But what does this mean in day-to-day operations?<\/strong><\/strong><\/p>\n\n\n\n

Whenever a company receives an invoice that has not yet been paid, a so-called creditor posting<\/em> is created. This entry is recorded in the receiving company\u2019s system and forms the basis for:<\/p>\n\n\n\n