QuickBooks 2009 on Demand

Chapter 17. Recording Liabilities

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Manage Accounts Payable

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Record Payroll Tax Accruals

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Set Up Credit Card Accounts

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Account for Deposits or Retainers

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Record Loans

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Use the QuickBooks Loan Manager

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Record Loan Payments

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The term liabilities refers to your company’s debts. QuickBooks groups liabilities into four types of accounts:

• Accounts payable—. These are the bills you owe currently.

• Credit card—. This is the balance due on company credit cards.

• Other current liabilities—. This represents payroll owed to employees, taxes payable, advances, deposits, ...