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ljjohnson
August 19, 2021
Question

Paying vendor by instalments

  • August 19, 2021
  • 1 reply
  • 0 views

As a retailer, we pay many of our vendors on 30, 60, 90 day terms, or April, May, June payments, etc; is there any way to enter a bill with future instalment payments that would show on a payables report? I am surprised that there isn't options for different payment terms.  Is this something that Quickbooks can implement?   My only thought is to break the bills down and do three or four for the same invoice which seems a bit much.  I would love some input.

Thanks :)

1 reply

A
Alex M
August 20, 2021

Hi there ljjohnson,

 

It's important for every business to keep an eye out for payment due dates. QuickBooks Online is a great tool that keeps track of sales and expenses so that you can easily view your financials. I can provide some information about payment terms and due dates on bills.

 

In QuickBooks Online, there can only be one payment term or due date associated with one bill. In order to have it appear as separate due dates in the payable reports, you would need to separate the amounts into separate bills. I can see how having multiple due dates and payment terms for a single bill would be a feature that would help you manage your payables within QuickBooks Online. I recommend you leave feedback in the system by navigating to the Gear Icon, then Feedback. The comments made in that section are considered by our developers when designing new features for QuickBooks Online. I'll pass this feedback along on my end as well.

 

If you have any other questions, feel free to reach out here.

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