Chapter 5. Making Purchases and Recording Payments

What You'll Do

Set Purchases and Vendors Preferences

Use Purchase Orders

View Items on Purchase Orders

View Vendor Information

Receive Goods

Receive a Partial Order

View Unpaid Bills Report

Pay Bills

Take Discounts

Use the Check Register

Edit Bill Payments

Delete Bill Payments

Set Checking Preferences

Write Checks

Print Checks

Void Checks

Create Purchase Reports

Nearly every business engages in spending of some sort. Businesses purchase inventory items, pay rent, buy supplies, clean their premises, pay employees, purchase equipment; the list goes on and on. The tasks described in this chapter will assist you in keeping track of your expenditures and knowing how much it costs to run your business. Besides knowing how much you spend, it's important to know how much you owe and when your payments are due. You can have all this information at your fingertips when you track your expenses using QuickBooks.

QuickBooks provides an option to use purchase order forms to record the items you have ordered so you can predict what bills are pending. Using purchase orders also enables you to keep track of what is on order so you don't reorder the same items. In QuickBooks, purchase order information flows directly to bills as soon as you receive the items you ordered. This way you don't have to enter your purchase information twice. And if there are discounts available for early payment, QuickBooks calculates those for you.

You can save time by using QuickBooks to print your checks, and you can produce a variety of reports that show you how much your company is spending and what you are purchasing.

Show Me. QuickBooks 2006
Show Me QuickBooks 2006
ISBN: 0789735229
EAN: 2147483647
Year: 2005
Pages: 328
Authors: Gail Perry © 2008-2017.
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