When you receive a bill from a vendor or supplier, you can record it as a bill in QuickBooks Online, and then pay it when it's due. The advantages of doing this include the following:
- You can keep your money longer for other business needs in the meantime.
- Spend less time paying bills by batching up payments to the same vendor/supplier.
- Run reports, such as the A/P Aging Summary, so you know how much you owe at any given time.