Amounts you owe your vendors, including subcontractors, are grouped under the heading of accounts payable. Most companies retire their accounts payable in 3060 days. Amazingly, new payables are always ready to take the place of the ones you pay! When entering a payable in QuickBooks, you are required to enter at least the name of the vendor and the amount of the debt. If you take the time to enter payment terms, QuickBooks provides you with a reminder of when the debt is due.