Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
GlinetteC
Moderator

Reply to message

Hi there, atlas_healthcare.

 

You can count on me to help switch a bill to a long-term liability in QuickBooks Desktop.

 

You have the option to create a Journal entry by debiting A/P and crediting the long-term liability account. However, this action is applicable if the bill is due in 2025 or later. 

 

Another way is to record a bill credit with the current date and use the desired long-term liability account as the expense. Then, you can utilize the pay bills function to apply the bill credit to the bill, effectively paying it off.

 

In addition, you can generate various reports that offer diverse viewpoints on the performance of your business. These reports can provide detailed insights into different aspects of your business operations, such as sales, finances, and customer and vendor engagement.

 

If you require further assistance managing vendor bills or related matters, reply to this thread. I am here to support you at any time.

Need to get in touch?

Contact us