QuickBooks 2015: The Best Guide for Small Business

 

Chapter 6

Recording and Paying Your Bills

In this chapter:

               •  Entering vendor bills

               •  Using purchase orders

               •  Applying and managing reimbursable items

               •  Paying your bills and writing the checks

               •  Managing sales tax

You can pay your vendors in two different ways in QuickBooks: enter the bill into QuickBooks when you receive it and pay it later, or simply write a check without entering it beforehand. This chapter covers both ways and tells you how to link those expenses to customers (if need be) to be reimbursed for the expense.

Entering a bill into QuickBooks and paying it later is called accrual accounting. That means an expense is recognized by QuickBooks when ...