Accounts Payable in QBO - How to record bills and manage AP

Рет қаралды 9,642

Күн бұрын

If you want to get started with Quickbooks Online, we offer the best deal on the internet with a 30% discount for 12 months and a free month trial here: www.claracfo.com/qbo
Accounts Payable management can be a real struggle for many companies. Quickbooks Online wants to make it easy for you to manage and pay your bills through their system. This video is all about how to use the AP module in QBO.
In this video you will find:
0:00 Quickbooks Online Accounts Payable
2:45 Expense module
3:10 QBO Vendors
3:30 Payee in Bank Feeds
4:52 Bills in QBO
5:12 Vendor Setup
5:50 Contractor Payments
6:22 Why do we track bills?
9:12 Get bills into QBO
12:40 Matching Bills to Bank Feed
13:34 AP Aging Report
To learn more about CFO services, go to: claracfo.com/cfo-services/
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(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: MB01GWLTPNMKWAU

Пікірлер: 37

@user-bs6yq5ik1m 4 ай бұрын

Thanks for these great videos! I have been using QB desktop for many years and now looking to move to QBO and your playlist is very helpful. Keep them coming-you explain things really well!

@ClaraCFO 4 ай бұрын

Glad it was helpful!

@humingbird2187 5 ай бұрын

Yes please!!! a tutorial how to pay bills would be great!!!!!

@ClaraCFO 5 ай бұрын

noted!

@travisharms9772 4 ай бұрын

That seems so simple, thank you

@allengubalane6607 4 ай бұрын

Hi Hannah! You're tutorial is amazing and easy to understand. Happy to learn from your KZfaq tutorials Grateful to be one of your subscribers😊

@ClaraCFO 4 ай бұрын

Grateful to have you here!

@DanielAngelLuna 5 ай бұрын

Love your teaching style.

@ClaraCFO 5 ай бұрын

Glad you enjoy it!

@user-bs6yq5ik1m 4 ай бұрын

I just subscribed to your channel because it's so helpful!

@ClaraCFO 4 ай бұрын

So glad! thanks for being here!

@RajJohal 5 ай бұрын

Please do a video actually showing physical/paper check printing in a/p. Also, would you do a payroll video, showing p/r check printing? Thank you, I lean quite bit from your videos.

@humingbird2187 5 ай бұрын

Thank you very much for your tutorials, I found them amazing. I will be new to QBO and even though I know a little bit the principals of accounting, I find it very difficult to navigate in this new program as to what to click first to get to where I want to see. So I don't know if you can say: you go here first and then you go there. I am sorry maybe I sound confusing, but I get lost. Thanks again.

@LotusLegalServices 3 ай бұрын

Hi Clara! Thank you so much for your videos! They have been great help doing my own accounting for my business. What do you suggest (chart of accounts) on monthly car payments? TIA

@BardenAccounting Ай бұрын

When you are talking about the outstanding bill for PG&E and you say, let's say you figured out that you paid the bill and it just "didn't get matched up" and you can very easily go find that payment and match it up... Can you please show us that process? Will "fixing" it mess up a bank reconciliation? Thanks again for another great video. You are professional and well spoken and you share some of the most up to date down to earth videos. I really appreciate you.

@allannortje6440 4 ай бұрын

Subscribed ! Oh and liked. As long as you guys help us trainee accountants land a job, this is the least I can do.

@ClaraCFO 4 ай бұрын

Haha - I can't guarantee that, but having Quickbooks skills should help!

@sheilaschmitt383 3 ай бұрын

Your videos are very good. In QB Desktop, you can print bill payment stubs. How is this done in QBO?

@bmcyr 5 ай бұрын

Hello Hannah! So grateful for your videos as I’m a newbie to quickbooks. I do have a question: how do I manage bill payments that are paid for personally (home-based business) that for example the business would be paying 25% of the bill? How would I account for that, as well as the taxes? Maybe you have a video that walks through this already? Thanks for your time!

@ClaraCFO 5 ай бұрын

hi! you can split the transaction to have the portion that is a personal expense go to "owner's distribution (aka draw)"

@HimalayaAhuja 4 ай бұрын

Can you please teach Aging Analysis

@joro7304 Ай бұрын

Thanks for this video babe.

@BardenAccounting Ай бұрын

babe? really? are you two related?

@ClaraCFO Ай бұрын

Not related!

@HimalayaAhuja 4 ай бұрын

Please teach vendor credit, also if vendor gives discount

@chienpaulhsu5736 4 ай бұрын

I have a bill from 2023 and i made a payment in 2024. How do i apply that to 2023 so my aging report shows a lower amount?

@eugeneasiamah8337 4 ай бұрын

Hello Clara, Hoping you respond. I run a retail business in the USA and sell mostly on Amazon. The products are imported/purchased from a company in a different country for which i receive a bill for every purchase made. My first question is when i receive this Bill from my supplier do i post these purchases between the supplier and my inventory account? I also read somewhere, I can reduce or increase the inventory count by posting between the inventory account and COGS at the end of the month/year. Will I be right to do this? Final Question is when my supplier ships products to me and the products upon reaching me are damaged and therefore have to ship them back, who bears the cost of the return shipping and if for some reason, I bear the cost, how do i treat the shipping cost in my accounts in quickbooks.

@roialnet 3 ай бұрын

How about monthly Internet bill would that still require recording in Accounts Payable when you can just credit Cash and debit Internet Expense, fast and simple.

@winkhvac62 3 ай бұрын

NEW SUB

@ClaraCFO 3 ай бұрын

Thanks for subbing!

@abdikaiboss85 22 күн бұрын

Hi haw can i record income revenue please i need more detail

@ndachannel290 2 ай бұрын

what if there is a partial payment for a bill, how to pay it?

@SP-mg3li 4 ай бұрын

Hi, How would you put this transaction into QBO? I bought a garden hose for my husband's business (it is in his name only). I bought it from my personal Walmart account using my personal Walmart credit card. I messed up and didn't attach the business name to the purchase.

@ClaraCFO 4 ай бұрын

I have a video for that! kzfaq.info/get/bejne/pteEZa6qmcWdfXk.html

@kimberlystallings364 3 ай бұрын

I have a client who has multiple invoices from a vendor. I am only in charge of uploading the bills in qbo. My client pays the vendor. There is a unapplied bill payment which is causing the balance to be off. I contacted the vendor and the client did not over pay. How do I remove this unapplied bill payment?

@MohammedAl-Khshali Ай бұрын

Hi, One of my customers paid for an invoice as follows: - Invoice amount $1,000 - Payment received for $925 the difference of $75 is as follows; - $70 withholding taxes deductions - $5 Bank charges How the best way to register in QB and close the invoice? Thank you in advance

@MohammedAl-Khshali Ай бұрын

We are using qb Pro desktop