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QuickBooks® 2012 For Dummies®, UK Edition by Loredana Stroup, Stephen L. Nelson

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Chapter 6

Paying the Bills

In This Chapter

arrow Using the Write Cheques window to pay bills

arrow Using the accounts payable method to pay bills

arrow Deleting and editing bill payments

arrow Handling early payment discounts

arrow Reminding yourself to pay bills

QuickBooks gives you two ways to pay and record your bills. And you have many options when it comes to deciding when to pay your bills, how to pay your bills, and how to record your bills for the purposes of tracking stock and expenses.

In this chapter, we explain how to record and pay supplier bills.

Pay Now or Pay Later?

When it comes to paying bills, you have a fundamental choice to make. You can either record and pay your bills simultaneously or you can record your bills as they come in and then pay them when they’re due. The first method is easiest, as you might guess, because you do everything at once. The second method, called the accounts payable method, gives you more accurate financial records and makes for more precise management of your cash ...

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