QuickBooks Online For Dummies, 8th Edition

Chapter 7

Paying Bills and Writing Checks

IN THIS CHAPTER

Understanding accounts payable transactions — checks, bills, credits, and credit cards

Creating recurring transactions

Working with transactions in Spreadsheet Sync

It’s always more fun to record money coming in as you did in Chapter 6, versus going out as you’ll do in this chapter. Alas, paying bills is part of life — unless you’re a penguin and you eat with your one bill, but I digress. This chapter explores the transactions you use in QuickBooks to meet your financial obligations, which accountants often generalize as accounts payable, or A/P for short.

Looking at Expense and Bill Payment Methods

First, I want to make sure that you’re aware of the various payment method options that you have for recording expenses and bill payments, as it isn’t always readily apparent from the user interface.

• Printed check: QuickBooks enables you to fill out a check form onscreen and then print the check immediately or batch it for later.
• Electronic transactions: These include direct debits to your bank account, such as ACH (Automated Clearing House) transfers, wires, online bill payments, and debit card transactions.
• Credit card: You ...