QuickBooks accounting software is widely used by business owners, largely due to the fact that it is easy to setup and manage and can be customized to suit the needs of virtually any type of business. One key feature is the ability to keep track of accounts payable with the bill entering function. With a bit of pertinent information, entering bills into QuickBooks can be done easily and efficiently.
Entering Bills in QuickBooks
- Locate the “Vendor” icon on the top toolbar and scroll down to “Enter Bills.” When prompted, enter the vendor’s name in the appropriate field.
- Enter the dollar amount that is due. Ensure that the correct due date is noted on the form as well. Items are generally due within 15 or 30 days and notated as “net 15” or “net 30.”
- On the bottom of the screen, fill in the appropriate expense account that corresponds to the bill being entered. For example, a bill for delivery services should be drawn against the freight and delivery expense account. Click “Save & Close” to record the transaction.
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