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QuickBooks 2016: The Best Guide for Small Business, 2nd Edition by Leslie Capachietti, Bobbi Sandberg

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Chapter 6

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 ...

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