QuickBooks Online (QBO) doesn't directly calculate bills based on sales figures, Jim05. However, I know a way for you to track it accurately in QuickBooks.
To create a calculated bill based on monthly sales, manually enter the equivalent amount on the transaction.
Here's how:
- Go to the Gear icon and select Recurring transactions.
- Click on New, and choose a bill from the dropdown.
- Enter the necessary details and click on Save template.
To process your payment via ACH using Bill Pay, navigate to the Expenses & Bills section, locate your bill, and select Schedule Payment.
Additionally, make sure you have a Merchant Service account for this purpose. For further details, please refer to this guide: Learn about QuickBooks Bill Pay.
If you have further questions or need assistance, please click the Reply button.
