November 2023
Beginner
640 pages
16h 20m
English
Content preview from QuickBooks 2024 All-in-One For Dummies
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial



Chapter 2
Paying Vendors
IN THIS CHAPTER
Working with purchase orders
Recording receipts and bills
Sending payments to vendors
Using the other vendor menu commands
You can make the process of tracking vendor information as simple or as sophisticated as you like. In this chapter, I assume that you’re going for sophisticated. You can make vendor management simpler, however, by not using purchase orders or an accounts payable system.
Creating a Purchase Order
A purchase order serves a simple purpose: It tells a vendor that you want to purchase some item. In fact, a purchase order is a contract to purchase.
Many small businesses don’t use purchase orders. ...
You decide whether to use purchase orders and whether to track accounts payable (amounts that you owe vendors) as part of setting up QuickBooks. You can change your decision about using purchase orders or accounts payable later. To do this, you choose the Edit ⇒ Preferences command. For more information, refer to Book 2,