I'll explain how your balance sheet will be affected when you settle these bills, Rose81.

Unpaid bills from previous years will affect your balance sheet report, but settling them within the current year will not have an impact.

Additionally, I'll add an article to help you track bills and record the payments: Enter and manage bills and bill payments in QuickBooks Online.

Hit reply if you have further questions about managing your bills. I'll be here to assist. Take care!