Recording and Paying Your Bills
In this chapter:
• Entering vendor bills
• Using the Bill Tracker
• 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 you enter the bill, not when you actually pay ...