expenses incurred in current year but not payable until next year
I want expenses incurred to show up on the books for 2019; however they are not payable until 2020. Do I input this by entering bills and it show up correctly for my accountant or should I do some sort of journal entry?
The cash basis counts expenses you've paid this year, while the accrual method shows them regardless of whether you've paid all your bills.
Also, you can run the Expense by Vendor Summary report to see the total expenses for each vendor. Let me show you how:
Go to the Reports menu.
Hover over to the Company & Financial, then choose Expenses by Vendor Summary.
Choose the report basis.
Click the amount to open the Expenses by Vendor Detail.
If you want to filter it, you can refer to this link, Customize reports in QuickBooks Desktop. Then, go over to the Display, Filters, Headers/Footer, and Fonts & Numberstab link for the detailed steps.