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You can enter a bill to record the expenses that you'll be paying later. When entering a bill, it goes directly to your Accounts Payable account.
Here's how to enter a bill:
Once you're ready to pay your bill, you can either record it using Pay bill or Check.
Additionally, if you need to record the expenses under a specific accrued liabilities account, you can enter a journal entry.
First, follow these steps to set up a liability account:
Then, enter a journal entry to record the accrued expense.
The above steps will create the following journal entry:
Expense A/c............................. Dr.
Liability A/c...............................Cr.
You can check out this article to learn the complete list of standard accounts: Chart of Accounts.
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