Vendor Bills

CK18 · ‎May 05, 2020

Hi

We work with a Vendor that on the 25th of each month takes what we owe them for the previous month and transfers them to a Flooring Vendor and then we have 25 days to pay the Flooring vendor. What is the best way to enter getting the bills from Vendor to Flooring Vendor?

Thank you,

CK18

MaryJoyD · ‎May 05, 2020

I can help you record this bill, @CK18.

You can edit the bill that you’ve created for the first vendor by renaming it to the flooring vendor. From here, you can record the bill payment under the flooring vendor.

To do it:

Go to your vendor's profile and click to open that bill.
On the Bill Pay page that opens, click the Payee drop-down and update it to the flooring vendor.
Click on Save once you're done.

Check this article for more information on how to enter and pay bills in QuickBooks Online: Enter and pay bills.

Let me know if there's anything that you need. I'm always here to assist.

View solution in original post

MaryJoyD · ‎May 05, 2020

I can help you record this bill, @CK18.

You can edit the bill that you’ve created for the first vendor by renaming it to the flooring vendor. From here, you can record the bill payment under the flooring vendor.

To do it:

Go to your vendor's profile and click to open that bill.
On the Bill Pay page that opens, click the Payee drop-down and update it to the flooring vendor.
Click on Save once you're done.

Check this article for more information on how to enter and pay bills in QuickBooks Online: Enter and pay bills.

Let me know if there's anything that you need. I'm always here to assist.

View solution in original post

CK18 · ‎May 06, 2020

Thank You! That is great that it is that easy. Should I also change the bill date to the actual date transferred so the past vendor detail report shows the date the invoice was transferred? Or does it not matter?

Thanks,

CK18

Candice C · ‎May 06, 2020

Hey there, @CK18.

Thanks for reaching back out to the Community. I'm so glad that we were able to provide you with some information to help answer your question. I'm unable to advise you on which date to choose for the bill, but you can consult with your accountant to be sure. If you don't have an accountant, check out this link to find one near you.

The Community is always here to have your back. If you have any other questions, just let me know. Have a great day!

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