Can I deposit funds to a new account payable when I just set up my QB account?

Hi ecommunityglobal!

I'm glad that you're choosing QuickBooks for your business! Welcome to the family! I'll help you with your invoice (bill) payment.

You won't need to deposit money to Accounts Payable. If the money you used to pay your bill is from your bank, from petty cash, or cash on hand, you'll want to create those accounts with their balances in your Chart of Accounts first. Then, use them when recording the bill payment.

Adding an account:

1. Click the Gear icon in the upper right-hand corner.
2. Under YOUR COMPANY, select Chart of Accounts.
3. Click New and name the account. Example: Petty Cash, Checking, etc.
   
4. Click on Select a category to assign a category for this account. 
5. Follow the on-screen instructions to finish the setup.
    

Here's an article that has the old steps for adding an account: Add an account to your chart of accounts in QuickBooks Online.

After setting up the account, you can proceed with recording a bill payment.

1. Open the bill transaction and click on Pay bill.
2. Click on Mark as paid.
3. In the Bank/Credit account field, select the account you created.
4. Enter the date and amount.
5. Click Save and close.

On the other hand, if you want to record a deposit or a cash-in into the bank account or the petty cash account you created, you can create bank deposits or a transfer.

Please don't hesitate to reach back out if you need help with your transactions. Take care!