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Level 4

Detail required to create QuickBooks supplier

Hi All,

 

We recently subscribed to QBO+. Now want to create supplier for QuickBooks.

 

My any one share the detail, required to create a supplier (QuickBooks) to create bill and to pay subscription charges and other payments etc. via QuickBooks Online Plus?

 

Respective form's snap is  also attached for more clear picture of the  required information (specially the currency - 'I pay this supplier with')

 

Regards,

Abdul Rehman.

Solved
Best answer December 04, 2019

Best Answers
QuickBooks Team

Detail required to create QuickBooks supplier

Thanks for the clarification, @Abdul Rehman.


There are three options to record your subscription payments in QuickBooks. They include:

  • Entering a bill to the vendor (Intuit) summarizing the total charges.
  • Using the Online Banking feature and automatically download charges and payments into your QuickBooks data file.
  • Record them as an expense.

When setting up Intuit as a supplier, it’s not necessary to enter the complete details asked in the Supplier Information window. I recommend utilizing the data showing on your bank statements for your subscription charge. 


For example, enter Intuit QuickBooks Online in the Company and Display name as boxes. You can also use our headquarters in Mountain View, California as the address.


Check out this article about setting a supplier in QBO for reference: Suppliers overview.


Let me know if you have additional questions. I’m here to keep helping. Have a good one!
 

View solution in original post

3 Comments
QuickBooks Team

Detail required to create QuickBooks supplier

Hello @Abdul Rehman,

 

QuickBooks Online requires everything to keep track of your business. So money in and money out will be recorded accurately. To create a supplier, allow me to give you detailed steps. Here’s how:
 

  1.  Import a Suppliers Spreadsheet. In the Suppliers page, click New Supplier, and select Import suppliers from the drop-down menu.
  2.     Organize Your Spreadsheet.
  3.     Choose Your File.
  4.     Choose Your Excel Columns.
  5.     Import Suppliers.
  6.     Add a New Supplier.
  7.     Fill Out The Supplier Form.
  8.     Locate Businesses in Your Area.

To create a bill and how to pay other payments in QuickBooks Online, you can refer to this article for detailed steps and additional information: How to enter and pay bills.
 

You can assign a currency to most types of accounts, including customers, vendors, bank and credit card accounts, accounts receivable, and accounts payable. Income and expense accounts.
 

In your supplier information, you can select any currency that applies to a specific supplier you created.
 

You can check this article that provides a brief description of the effects on the accounts and balances on your company when turning on the Multicurrency feature: About Multicurrency.
 

Keep me posted if you have additional questions. I’ll be here anytime to help.

Level 4

Detail required to create QuickBooks supplier

Hi MadeLyn,

 

Probably I failed to communicate my actual issue. I have subscribed with the intuit's product of QuickBooks Online Plus and ultimately will pay the subscription charges and other related payments to intuit. To proceed the said payment, I will have to create a supplier for this party (intuit) and fir this, I need the information required to create a supplier (e.g. Company Name, Address, Payment Currency etc.). Once information is received, I will create supplier and proceed the respective payments accordingly. 

 

Here, I am not asking that how to create supplier and how to proceed payment in QBO+.

 

Hope you will understand my need and will reply accordingly.

 

Regards,

Abdul Rehman.

QuickBooks Team

Detail required to create QuickBooks supplier

Thanks for the clarification, @Abdul Rehman.


There are three options to record your subscription payments in QuickBooks. They include:

  • Entering a bill to the vendor (Intuit) summarizing the total charges.
  • Using the Online Banking feature and automatically download charges and payments into your QuickBooks data file.
  • Record them as an expense.

When setting up Intuit as a supplier, it’s not necessary to enter the complete details asked in the Supplier Information window. I recommend utilizing the data showing on your bank statements for your subscription charge. 


For example, enter Intuit QuickBooks Online in the Company and Display name as boxes. You can also use our headquarters in Mountain View, California as the address.


Check out this article about setting a supplier in QBO for reference: Suppliers overview.


Let me know if you have additional questions. I’m here to keep helping. Have a good one!
 

View solution in original post