Hello there, Kford22,
Here's how you can enter bills in QuickBooks:
- Click Vendors on the menu.
- Select Enter Bills.
- Select the vendor.
- Select and enter the bill details.
- Click Save.
We're unable to provide what account to use. It's better to consult with your accountant to make sure you're using the correct one.
To run the valuation report, follow the steps below:
- Click Reports on the menu.
- Hover to Inventory, then select from Inventory Valuation Summary or Detail.
Let me know if you have other questions in using QuickBooks.