In this episode of the Polymath Video Tutorial Series: Changes to QuickBooks Online we cover how to use QuickBooks Online for entering bills and tracking those bills. Please note that this feature is only available in the Essentials and Plus versions of QuickBooks Online, so this is a great video to watch if you are considering an upgrade from the simple start.
Make sure to check out all the other great videos in the Polymath QuickBooks Tutorial Series:
- Episode 1 – The Click Map
- Episode 2 – Overview
- Episode 3 – How to Add a User
- Episode 4 – Sales Receipts
- Episode 5 – Invoices
- Episode 6 – Receive Payment
- Episode 7 – Create Deposit
- Episode 8 – Estimate
- Episode 9 – Expenses
- Episode 11 – Paying Bills
- Episode 12 – Reports
Welcome, viewers, to this Polymath Bookkeeping instructional video. I am Ingrid Edstrom of Polymath, LLC and Ashland Bookkeeping Services.
Today we are going to be looking at entering bills. Keep in mind that this feature is only available in the Essentials and Plus versions of QuickBooks Online. If you’re currently using QuickBooks Online Simple Start, this is a great video to check out to see if you might want to upgrade your software. If you’re just joining us for the first time, be sure to check out the other videos in this series for great tips on using QuickBooks Online.[expand title=”Continue reading…”]To enter bills, you need to get to the bill window. To access the bill window, you can either click on “bill” in the “create” menu, which looks like a plus sign at the top of your QuickBooks Online screen. Or you can click “create bill” from the “vendors” window on the line for the vendor that you want to create the bill for.
Once you are in the bill window, fill in all of the information for the bill. The bill number is generally the vendor’s invoice number. The bill in your QuickBooks should have the same date as the date on your vendor’s bill, which is usually the service date. The due date will be determined by the payment terms that you have with your vendor. Now you can save the bill and come back and pay it when the time comes.
Do you ever pay the same amount for a particular vendor on a regular schedule? You can also make bills recurring by clicking on the “make recurring” button at the bottom of your window. This great feature can save you time and data entry and acts as a great reminder of what’s coming up to pay.
Now that you know how to create a bill, stay tuned for Episode 11 about how to pay bills.
I am Ingrid Edstrom of Polymath, LLC and Ashland Bookkeeping Services. Thanks for watching.[/expand]