When you receive a bill from a supplier, you can record it as a bill in QuickBooks Online, then pay it when it's due.
There are several advantages to doing this, such as:
- Keeping your money longer for other business needs in the meantime.
- Spending less time paying bills by batching up payments to the same supplier.
- Running reports, such as the A/P Ageing Summary, to know how much you owe at any given time.
Now you know some of the advantages of recording a bill and paying it when it's due.