Bills: The ABCs
Bills are what vendors send you so that you'll pay them. You get bills for things like equipment, supplies, products, or services.
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Things to know:
- Enter bills as they come in. To get the most benefit from tracking what you owe (accounts payable), enter bill as soon as you receive them. That way, your cash flow reports will be up-to-date, and you won't run the risk of setting bills aside and forgetting about them.
- Check your cash flow reports. They show your bills and show you what's coming due.
- Set up reminders or show the bill in Calendar. Choose QuickBooks > Preferences > Reminders to set up reminders to pay your bills. The bill will display on the Reminders list. Or you can show the bill in Calendar. More about how QuickBooks can help remind you...