Bills, Expenses, or Checks? How to Properly Record Money Out

Welcome to Episode 10 of QuickBooks Online Basics for Beginners! This video focuses on managing money going out of your business, helping you understand when to enter bills, record expenses, and use checks effectively. Choosing the right method for quickbooks accounts payable and mastering expense management will ensure your small business accounting stays accurate and organized. These quickbooks for beginners tips are crucial for proper financial tracking. 🎯In this video you'll learn: ✔ When to use a Bill vs an Expense ✔ What types of businesses should use Accounts Payable workflows ✔ When to use the Check transaction form ✔ How to enter vendor bills in QuickBooks Online ✔ How to record bill payments correctly ✔ How to match bill payments in the banking feed ✔ How to match expenses in the banking feed ✔ Common mistakes that lead to duplicate expenses and unpaid bills 📺 Watch the Full Series: This video is part of the QuickBooks Online Basics for Beginners series. Be sure to subscribe so you don’t miss future episodes covering bank rules, reports, and best practices. _________________________________________________________________ ⏱ Timestamps 00:00 – Intro & Episode Overview 02:14 – When Should I Record A Bill? 03:26 – When Should I Record An Expense? 03:52 – Common Mistakes 04:34 – Bill and Bill Payment Workflow 04:56 – How To Create An Expense 06:03 – How To Create A Bill 07:37 – How To Record A Vendor Bill Payment 08:59 – How To Create A Check 10:05 – The Bank Feed: Match vs. Add/Categorize/Post Transactions 12:30 – Recap 13:26 – Outro _________________________________________________________________ 🔔 Subscribe for more QuickBooks and small business tips:    / @evolvebookkeeping   📩 Need 1-on-1 help? Contact me here ➡️ [email protected] _________________________________________________________________ 🤩 Special Offer for You! I'm an official business affiliate of QuickBooks Online, and I'm excited to share an exclusive deal: 👉 Get 30% off your new QuickBooks Online subscription when you sign up using my link: https://quickbooks.partnerlinks.io/yf... _________________________________________________________________ #QuickBooksOnline #QBO #OrganizedBooks #Organized #BookkeepingTips #SmallBusinessAccounting #quickbooksonlinetraining Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).