Learn the benefits of documenting your bill first in QuickBooks Online upon receipt from the vendor/supplier then wait to pay it until the due date.

The advantages are the following:

  • You can keep your money longer so you can use it for other business needs in the meantime.
  • You can spend less time paying bills by batching up payments to the same vendor/supplier.
  • You can run reports, such as the A/P Aging Summary, so you know how much you owe at any given time.