Expenses vs Bills

How and when to use an expense vs a bill will depend on what subscription level you are on. If you’re on the basic plan, your only option is expenses. What this does is:

• You can only enter invoices or receipts at time of payment. Anything invoice that has terms that you want to pay later, will need to access the QBO subscription level with bills available

Bills

• Allows you to see from a top level what is coming up due and print cheques on each invoice outstanding

• Allows you enter invoices ahead of time before payment and also input terms/early payment discounts