Vendors
4 Most Recent Posts
What Is a Vendor Credit, and How Do You Record One?
When you need to enter a Vendor Credit in QBO, which you can apply the next time you buy something from that supplier, usually, the process is pretty straightforward.
Vendor Credits and Refunds in QuickBooks Online
Vendor Credits and Refunds seem to stump end users. I’ve often found clients who created income accounts for credits and refunds. This has led me to believe there could be a short circuit in their understanding of the bookkeeping associated with vendor credits and refunds.
Paying Bills in QuickBooks Online
We recently laid out the benefits of using QuickBooks Online for bill entry and payment. It’s faster than manual methods. It leaves an electronic record of your accounts payable. And it helps ensure that bills are paid accurately and on time.
A quick way to pay one vendor
If you have multiple open bills with one vendor, here’s the best way to pay them all at once! Let’s say you entered two bills for the vendor Pellican Design:
Paying Bills
BookmarkQBO employs a two-step process for bill payment. Once you’ve completed the first (setup),...
Keeping Up with Bills
BookmarkThere are more pleasant accounting tasks than paying bills, but QuickBooks Online...
The Biggest Advantages of Bill.com, and How They Help You
Paying bills and receiving payments faster are the primary functions of Bill.com. Invoices and bills can be instantly accessed online, making the process of managing your cash flow more manageable.
Owner paid a subcontractor with his own money. How to make sure Vendor shows up on 1099 and still able to write the reimburse check to the Company Owner
BookmarkFirst, you will need to create a new dummy bank account. You will also need a due to the...
