I use bill.com to enter invoices that integrates with Quickbooks. For this company at certain times, outstanding trade payables are wrapped into leases. For example, I may have 50 invoices for 100,000 that are converted to a Lease to be paid off in 24 installments @ $4166 per month.
What is the best way to account for this in QBO? We do a periodic inventory so the payables are booked to COGS initially. The main goal would be to relieve the payables and expense easily and establish the lease payable.