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Westsideproperties
Level 1

Bills VS Expenses

We are in the hospitality industry we have loads of suppliers we pay for good and services . Am looking for clarification how to record the following i.e as a bill or expenses

 

Self employed housekeepers - they are paid dependant on hours worked

Energy bills - they are not always the same amount dependent on usage  ( do we create a bill or expense)

Linen laundering

Consumables - teas, coffees, toiletries 

Commission paid to third parties for example paid to online travel agents

Thank you in advance

Solved
Best answer July 31, 2020

Accepted Solutions
GeorgiaC
QuickBooks Team

Bills VS Expenses

Hi Westsideproperties, 

 

That's correct, the expense and bill post the same way in the system, except the bill is a two-part transaction where you need to record the service and payment separately. 

 

If you have a regular direct debit date, you can set up a recurring expense for these services by going to the Cog wheel > Recurring transactions > New and fill in the template with the details of the transaction. 

 

You can see more on setting these up here  - get back to us below if you have any more Q's :smiling_face_with_smiling_eyes:

 

View solution in original post

4 REPLIES 4
Ashleigh1
QuickBooks Team

Bills VS Expenses

Hello Westsideproperties, 

 

Welcome to the Community page, 

 

So bills will be something that you receive a bill for and pay later for it. Whereas an expense is something you pay straight away for. 

 

So it all depends on how you pay for them to which they go to. 

Westsideproperties
Level 1

Bills VS Expenses

Thank you. So using your example if l receive an invoice from plumber today and pay straightaway l post it as an expense. If l have a rent to pay monthly then a bill can be set up for this category. 

How about payments by direct debit charged to us a week or month after we have purchased a service?

GeorgiaC
QuickBooks Team

Bills VS Expenses

Hi Westsideproperties, 

 

That's correct, the expense and bill post the same way in the system, except the bill is a two-part transaction where you need to record the service and payment separately. 

 

If you have a regular direct debit date, you can set up a recurring expense for these services by going to the Cog wheel > Recurring transactions > New and fill in the template with the details of the transaction. 

 

You can see more on setting these up here  - get back to us below if you have any more Q's :smiling_face_with_smiling_eyes:

 

Westsideproperties
Level 1

Bills VS Expenses

Thank you for your help. Got it.

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