Entering your bills into QuickBooks before they become due will help you to manage your cash flow. You can easily run reports, such as the Unpaid Bills report or the A/P Aging report, to see which bills are becoming due or are past due.
To enter bills into QuickBooks Online, you will need to complete the following steps:
- Click on the + Add button and select Bill listed in the Vendors column, as indicated in the following screenshot:
- Complete the key fields in the Bill form, as indicated in the following screenshot:
The following is a brief description of the key fields in the Bill form:
- Bill no.: The bill number is the invoice number assigned by the vendor supplier. If the bill does not include a unique number, create one.
- CATEGORY: Select the appropriate account the expense should be categorized to (in other words, office supplies, rent expense and so on).
- DESCRIPTION: Enter a brief description of what...
