Summary: Last week I showed you how to enter bills into QuickBooks, which adds to your accounts payable balance. This week I cover how to pay bills in QuickBooks, which will decrease the A/P balance. It's actually a pretty easy process, but applying discounts and credits can be a little tricky sometimes. This is one of the features in QuickBooks that almost every business uses. Many small businesses that I've worked with don't use the invoicing feature of QuickBooks but almost all of them use the accounts payable features. It's also one of the areas where I see a lot of mistakes being made. Especially when it comes to making partial payments, receiving credits from vendors and keeping the A/P account clean and accurate.
