Yes, you need to select the Cheque option, Evinna.
If you create a cheque, it will allow you to record your prepaid inventory and apply it to the bill once you receive the physical inventory from your supplier.
You can refer to this article for further guidance on how to accurately record payments to your vendor without affecting the inventory quantity on hand until you receive the items. Please know that while this resource is US-based, the same principles apply to Singapore: How to track prepaid inventory.
I've included this article to provide you with helpful insights on the products you buy and sell, as well as the status of your inventory: Use reports to see your sales and inventory status in QuickBooks Online (QBO).
Feel free to revisit this thread if you have additional questions.
