Asked by Gerriley Lucas on May 23, 2024
Verified
In what situation would you NOT use the Pay Bills form?
A) When a bill is due and must be paid.
B) If the Expense form or Check form was used to enter the vendor transaction.
C) When a company is ready to pay its accounts payable.
D) When the bill has been entered using the Bill form.
Pay Bills Form
A document or online interface through which individuals or businesses submit payment for outstanding invoices.
Expense Form
A document used by employees to report out-of-pocket expenses for which they request reimbursement.
Check Form
A document used to authorize a bank to pay a specified sum of money from the account holder's account to a named individual or entity.
- Become proficient in using and navigating the various onscreen forms provided by QuickBooks Online for efficient vendor and expense management, including the forms for Check, Expense, and Pay Bills.
- Distinguish between different vendor transactions (e.g., Bill vs. Expense) and recognize appropriate scenarios for each.
Verified Answer
JR
Jessica RestrepoMay 24, 2024
Final Answer :
B
Explanation :
If the vendor transaction has already been entered using the Expense form or Check form, there is no need to use the Pay Bills form.
Learning Objectives
- Become proficient in using and navigating the various onscreen forms provided by QuickBooks Online for efficient vendor and expense management, including the forms for Check, Expense, and Pay Bills.
- Distinguish between different vendor transactions (e.g., Bill vs. Expense) and recognize appropriate scenarios for each.