Quickbooks 2022 Tutorial for Beginners - Difference Between Entering Bills & Expenses

[@QbuniversityOrg]

Please leave a comment or question here!

[@louietoltolvlog9699]

If I need to purchase an inventory to vendor, I use purchase order then when I receive an inventory with an invoice, I enter a bill and choose an inventory for payment later. If I purchase non inventory order to vendor like sauce bottles and kitchen supplies, do I still need to enter bills with items to know remaining quantity ? (Not expense) If i receive an inventory and pay immediately cash or card or check (write a check), do I use receive inventory without bill?

[@BUNEZMATELLASMOUSSE]

How do you record cash expenses in Quick Book please 😢

[@JohnBFryJr]

Watched 6 videos before i found this one. Thank you for simply answering the question.

[@QbuniversityOrg]

You’re welcome!

[@skinnerjd7319]

saved me big, love the way i can understand the concept so easily since you explain so well

[@QbuniversityOrg]

Awesome thanks!

[@debrarhodes5714]

Very helpful.

[@QbuniversityOrg]

Awesome!

[@michellefLA]

Gees this is very confusing too, thank you for the clarification. Can I use only journal entry?

[@QbuniversityOrg]

I wouldn’t use journal entry for bills, I would use the process outlined in the video

[@Memories-of-the-past]

Thanks for your amazing videos, I have asked many times a question and still I didn't get a response. we are importing and exporting vehicles when I purchased a car, for example, 7000$ I didn't know how to add the shipping price of 900$ and clearance expenses of 800$ on the same car and some other expenses too? I want to know how much a car stopped for me! Note: I'm using QuickBooks desktop.

[@faithythera3911]

Did you manage to solve it. And how because am also stuck on the same

[@mayraf101]

Do you have enter the posting date when using QuickBooks?

[@QbuniversityOrg]

I’m sorry, I don’t understand the question.

[@BUNEZMATELLASMOUSSE]

How do you record Expenses paid in Cash in Quick Book ?

[@TaraTedeschi-di2gq]

When entering the bill, which date is used when carrying over to the P&L? Is it the invoice date or the due date?

[@QbuniversityOrg]

On accrual basis it’s the invoice date. On cash basis it’s the date it’s paid

[@sherissemondoux3196]

When entering an expense through the register how does it track hst/sales tax?

[@QbuniversityOrg]

Do you mean sales tax you pay when you buy something?

[@youniqueboutique2134]

​​​@@QbuniversityOrgI'll say yes. lol. I created an expense account, naming it, Sales Tax. Your opinion, please. Which, by the way, I use within the register when entering expenses.

[@marieteat]

How do you enter when you get a pdf of activity sheets from an Account that has 22 Credit Cards which, I uploaded into excel which each sheet was added on it's own tab within the file. Can this now be downloaded to QB to eliminate manually entering each transaction?

[@deniselobato3226]

I entered a bill in QB and It paid twice and I dated it to pay once but not twice. How does this happen?

[@QbuniversityOrg]

No idea, could be a number of things. I would see which payment is tied to the actual bill and keep that one and delete the other one

[@laurenp3658]

What happens if taxes for the company were filed previously but I'm wanting to start QB for the company from the beginning or start of the company?

[@QbuniversityOrg]

You can certainly do that you’ll just have to make sure the books match the tax returns

[@debrarhodes5714]

How do you correct an expense that was entered as a bill?

[@QbuniversityOrg]

Just delete the bill and enter it as an expense instead

[@ferenzejoseph3940]

What happens if the company was set up wrongly since the beginning

[@mimybyng1127]

If you have a bill for a truck payment, then you pay off that truck early, how can you end this bill so it doesn't come up as a bill owed

[@QbuniversityOrg]

If it’s a memorized transaction entering the bill go to the memorized transaction list and delete it