Accounts payable is the money that a business owes its suppliers, such as payment for office supplies, computer equipment, utilities, advertising expenses, and more. The term refers to unpaid bills and invoices and it is listed on the Balance Sheet as a liability. Accounts payable are typically expected to be paid within a short amount of time, often 15, 30, or 90 days. In order to efficiently manage the business, business owners must be aware of how much money is coming into the business (accounts receivable) and going out of the business (accounts payable). Therefore, it is crucial to accurately track and manage accounts payable so that the business can effectively manage its cash flow and stay financially healthy.
QuickBooks Online is # 1 in cloud accounting for small businesses1. It is accounting software that organizes your financial data in one central location and it includes everything you need to track your accounts payable. With any version of QuickBooks Online you can easily enter bills and credit card charges so that you always know how much money is owed to your vendors. If you would like to enter bills and pay bills from one central location, then QuickBooks Online Plus is the right version for you. With QuickBooks Online Plus you can enter and pay bills, manage bill due dates, and schedule payments. It is an easy-to-use accounts payable system that helps you keep money in your business as long as possible and avoid late charges.
QuickBooks Online Plus makes it easy to manage accounts payable
QuickBooks Online Plus contains all the features included in QuickBooks Online, plus additional features that make managing accounts payable easy. It organizes accounts payable data for you so that you will always know how much you owe vendors and when your bills are due. It puts everything you need to track and pay bills at your fingertips. Once you pay a bill, it is automatically entered into the register for you. All of your accounts payable data is organized and accessible anytime and from anywhere with QuickBooks Online Plus.
QuickBooks Online Plus lets you enter bills and make payments separately, so that you can keep money in your business as long as possible. Track and manage outstanding bills and either pay bills when they are due or ahead of the scheduled due dates to take advantage of early payment discounts. Easily print reports such as the Unpaid Vendors Report, the AP Aging Summary, the Vendor Balance Detail Report, and others so that you can efficiently manage accounts payable. Try QuickBooks Online Plus for free today and see why it makes managing accounts payable easy.