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How to record the advance payment made to supplier

If you made an advance payment to a Supplier, you can easily record this in Quickbooks Online using the Expense feature. Follow these steps to record the advance payment:

  1. First, make sure you have the supplier listed in Quickbooks Online. If you have already listed the supplier in Quickbooks Online, then you can skip this step and continue to step 3. If not, select Expenses, then Suppliers.
  2. Create a new Supplier by filling out all the information, then select Save.
  3. Select + New.
  4. Select Expense.
  5. Create an expense to the Supplier by selecting a Payee and Payment account.
  6. Under the Category column, select Account: Accounts Payable (A/P), then enter the description and the amount.
  7. Select Save and close.

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