You are at the right place if you want to learn how to pay bills in QuickBooks online? Here we will learn how to do so step by step in detail and why should we opt for this option. QuickBooks accounting software is an incredible software that allows you to perform all the essential financing activities under one roof. You no longer need to do this cumbersome work of paying bills manually. QuickBooks will do that for you. You just have to follow a few simple steps.
But after reading this article if you still feel the need for more information you can go through our experts at QuickBooks support number and save your valuable time and effort.
Benefits of Paying Bills in QuickBooks Online
If you have huge accounts payable and it’s been tough to stay on the cover of making on-time payments, you should prefer using the QuickBooks Online Bill-Paying service. QuickBooks Online Bill Pay service has excellent features for your business to check the settlement of your bills.
- If you previously entered bills into QuickBooks then the next step is to pay them before they become due.
- Paying bills in QuickBooks will automatically mark the bills as paid and it will no longer be outstanding.
- This will also update the accounts payable balance to reflect the bill payment.
- The balance sheet statement and other bank statements work hand in hand. Whenever the bills are paid they are mannered accordingly because QuickBooks is integrated with all that.
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How to Pay Bills In QuickBooks Online
- To begin, log in to QuickBooks Online.
- From the homepage tap on the + New sign and select pay bills right below the vendor column. The pay bill window will display.
- Payment Account– From the drop-down select the bank account that will make these payments. Payment Date– In the payment date field simply enter your check date. (Note: If you are paying one bill from different accounts [for example, half payment by cheque and half payment by credit card], or recording different payments on different dates, you have to enter every partial payment independently.)
- Starting check no.– In this field enter the starting cheque number that you will load into the printer if you are going to print check immediately. If not select the print later option.
- QuickBooks provides you notification of the number of outstanding bills that you have to pay.
- You can also select Filter to get a precise list of the bills you wish to tag. Select Apply. (By default, it will show due bills in the span of the past 365 days. But you can filter those by the due date, date range, certain date range[enter date in the To area and leave From region empty], specific Payee, Location, Overdue.)
- After that, you can sort by a specific column by selecting the column header and also arrange in either ascending or descending order. The sorting can be done based on the Payee, Reference No., Due Date, Open Balance. (Note: The number of rows displayed can also be altered from the Setting by an icon that is located above the Total Amount column.)
- Select the checkbox for each bill.
- Then enter the amount applicable on the open bill. If there is any credit to apply, you can apply the amount in the Credit Applied column.
- Once you have completed the procedure go to Save and Close to save and close the bill pay window or Click Save and Print to print the check.
Here, we have attached the video for you, to get the right path to paying bills using QuickBooks Online. Have a look;
How To Check Saved Bills
- Go to the check register to locate the payment which was created earlier.
- From the left-hand menu bar click on Transactions.
- Then the banking option. Click on the link that says “go to check register to confirm that the payment application was correct“.
- Go ahead and review the bills. Have a look at it by clicking on it and you will see all the details. It will show whether the bill is paid fully or the amount is still due.
In this article, we have explained about Pay Bills in QuickBooks Online. Hope you would read thoroughly and understood all the points. Still, if you have any doubts regarding the topic then you can dial our toll-free number +1-844-405-0904 to connect with the certified QuickBooks ProAdvisor.