Question

KNOWING THE WRITE CHECKS VS. ENTER BILL/PAY BILL AND WHY OR WHEN TO USE EACH ONE

Answer 1

Solution:-

KNOWING THE WRITE CHECKS VS. ENTER BILL/PAY BILL AND WHY OR WHEN TO USE EACH ONE:-

There are two ways to handle bills from vendors/suppliers:

• For bills to be paid later, use Bill and Pay Bills.
• For bills to be paid immediately or that have already been paid, use Check/Cheque or Expense depending on how you made the payment.

For example, when you receive your electric bill, which is not due till the end of the month, use Bill to track what you owe. When you pay it at the end of the month, use Pay Bills to clear the bill and generate the check/cheque. Learn how to enter bills to keep track of your payables.

If you bought supplies at Office Depot and immediately paid for them, record the transaction using Check/Cheque or Expenseskipping the Bill and Pay Bills steps altogether. Get help with writing checks (or cheques).

If you use an electronic payment method, you should still use Check/Cheque or Expense. You can enter EFT in the check/cheque number field.

If you originally used Bill to record the bill, use Pay Bills to close it out. Using Check/Cheque or Expense after entering a bill will not link the two transactions, and the bill will still be unpaid on reports. Learn how to record bill payments, or pay bills using credit or debit card.

When creating an expense in relation to a customer, please note:

• If the Payment and billing section in the Customer Information screen is set to Print later as the preferred delivery method, the expense will save as a check
• You can check this by going to the Customers section in the Sales screen and editing the customer in question. Go to the Payment and Billing tab and verify that the preferred delivery method is not set to print later.