Entering Expenses in Wave: Vendor Bills vs Expenses

0:00 Intro 0:16 Entering expense as withdrawal/expense 1:30 Entering vendor bill and bill payment 3:23 When expenses might be used instead of vendor bills 4:29 Discussion of time lag between vendor bill and payment 4:46 Using vendor bills to track unpaid/paid bills 5:18 Using vendor bills for bills for contracted services and bills you want to keep more detailed records of 6:42 Using vendor bills for accrual based accounting 7:35 Reports - cash vs accrual basis 8:24 Summary Disclaimer: This video is not intended to replace advice from your CPA or tax preparer.