When you receive a bill from a vendor or supplier, you can record it as a bill in QuickBooks Online, 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, to know how much you owe at any given time.