What Is The Difference Between Entering A Bill (and Bill Payment) And

1.	What Is The Difference Between Entering A Bill (and Bill Payment) And Writing A Check?
Answer» ENTERING a bill is to incur an expense the moment it exists and it’s paid in the future (Accounts Payable). Write Check is to record an expense at the same time it is being paid, no time difference between date of the expense and date of payment. You MUST use the Pay Bills feature in QuickBooks to mark the Bill (Accounts Payable) paid, using the write check feature would POTENTIALLY DUPLICATE the expense and OVERSTATE your liabilities. Entering a bill is to incur an expense the moment it exists and it’s paid in the future (Accounts Payable). Write Check is to record an expense at the same time it is being paid, no time difference between date of the expense and date of payment. You must use the Pay Bills feature in QuickBooks to mark the Bill (Accounts Payable) paid, using the write check feature would potentially duplicate the expense and overstate your liabilities.

What Is The Difference Between Entering A Bill (and Bill Payment) And Writing A Check?

Answer»

ENTERING a bill is to incur an expense the moment it exists and it’s paid in the future (Accounts Payable). Write Check is to record an expense at the same time it is being paid, no time difference between date of the expense and date of payment. You MUST use the Pay Bills feature in QuickBooks to mark the Bill (Accounts Payable) paid, using the write check feature would POTENTIALLY DUPLICATE the expense and OVERSTATE your liabilities.

Entering a bill is to incur an expense the moment it exists and it’s paid in the future (Accounts Payable). Write Check is to record an expense at the same time it is being paid, no time difference between date of the expense and date of payment. You must use the Pay Bills feature in QuickBooks to mark the Bill (Accounts Payable) paid, using the write check feature would potentially duplicate the expense and overstate your liabilities.

What Is The Difference Between Entering A Bill (and Bill Payment) And Writing A Check?

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