Yes, Brennan. Bills are the same as supplier invoices, as they represent what your business owes a supplier.
You can enter supplier invoices manually or by importing them. If the invoices are for services or items received but not yet paid, record them as Bills to track payables. Here's how:
- Go to the +New button.
- Choose Bills under the Supplier column.
- Enter the necessary details.
- Once done, click Save and close.
Once the supplier invoice (bill) is paid, use the Pay bill transaction to update accounts payable and reflect the payment in your bank or cash account.
However, if the supplier invoices were paid immediately, record them as either a Cheque or an Expense, depending on the payment method.
The second option is importing supplier invoices. If you have a CSV file copy, you can upload it directly to QuickBooks. Refer to this article for more information: Import your bills in QuickBooks Online.
If by historical invoice you mean one issued by your business to a customer to request payment, it represents money owed to your business (accounts receivable). On the other hand, a bill is received from a supplier and shows money your business owes (accounts payable).
I'm still available if you have follow-up questions about entering your supplier invoices.
