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When I enter a bill for rent and I pay it the same day, how many entries should I have?

Should I have: Bill for $1000.00 and Bill Payment for -1000.00?
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QuickBooks Team

When I enter a bill for rent and I pay it the same day, how many entries should I have?

You've come to the right place, @michelle1-rlwhit.

 

Yes, that's correct. Once you've recorded the payment, it'll create the second entry for that vendor.

 

I'll share with you our guide about expenses and vendors. From there, you'll see articles with steps on manage your vendors and expenses accordingly.

 

In case you'll need help with other QuickBooks tasks, click this link to go to our general topics. It has information that'll walk you through the process.

 

Keep me posted if you have other questions or concerns. I'm always here to help. Take care and stay safe.

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