It\u2019s easy to let some bills slip at the end of the year. Extra expenses in December may have caused you to run short on funds. Maybe you simply forgot, or you didn\u2019t have a chance to deal with your payables. Whatever the reason, you can easily find out what bills you need to pay using QuickBooks.<\/p>\n\n\n\n
The first thing you should do is run an A\/P Aging Detail<\/strong> report. Open the Report Center <\/strong>(Reports | Report Center<\/strong>) and click Vendors & Payables<\/strong>. Locate the report and click the green arrow button. When the report opens, click Customize Report <\/strong>in the upper if you want to change the Dates<\/strong>. Then look to see if any bills are past due. Double-click on any row to see the original bill and pay it. You can also run the Unpaid Bills Detail <\/strong>report.<\/p>\n\n\n\n The Unpaid Bills Detail <\/strong><\/em><\/p>\n\n\n\n You\u2019ve probably heard this before, but it\u2019s important: If you\u2019re past due on any bills, contact the vendors and let them know when they might expect payment. It makes a difference.<\/p>\n\n\n\n Who Owes You?<\/strong><\/p>\n\n\n\n Just as you may have missed some bills in December, your customers might have let invoice payments slip. You need to find out who is in arrears. There are two reports that can help you here. Open the Report Center <\/strong>again and click Customers & Receivables<\/strong>. Run the A\/R Aging Detail <\/strong>reportand look at the Aging <\/strong>column to see if any customers have gone past due on payments. Open Invoices<\/strong>, too, can alert you to those customers.<\/p>\n\n\n\n How Should You Approach Past-Due Customers?<\/strong><\/p>\n\n\n\n This is a problem for every small business. You don\u2019t want to come on too strong and threaten the goodwill you\u2019ve built up with your customers, but you have your own cash flow to consider. Here are some approaches:<\/p>\n\n\n\n QuickBooks can automatically send out reminder invoices and statements when customers are a specific number of days past due<\/em>.<\/em><\/p>\n\n\n\n Don\u2019t know how to create statements in QuickBooks? Go to Customers | Create Statements<\/strong>. Here, you\u2019ll tell QuickBooks who should receive statements and specify any other preferences you might have for their content. We\u2019d be happy to walk you through this sometime.<\/p>\n\n\n\n How Do You Turn On Reminders?<\/strong><\/p>\n\n\n\n Turning on the Reminders <\/strong>tool in QuickBooks can help keep you current on bills, invoices, and other critical tasks. Open the Edit <\/strong>menu and click Preferences<\/strong>. Click Reminders <\/strong>and make sure the box is checked under the My Preferences <\/strong>tab so Reminders <\/strong>will open every time you run QuickBooks. Click Company Preferences <\/strong>and tell QuickBooks which reminders you want to see and when.<\/p>\n\n\n\n QuickBooks\u2019 Reminders <\/strong>tool can help you stay current with bills and invoices and other critical activities.<\/em> <\/p>\n\n\n\n <\/p>\n<\/span>","protected":false},"excerpt":{"rendered":" You meant to clean up your accounting data by the end of 2022, but December is so busy. It was hard to do much beyond managing each day\u2019s high-priority QuickBooks work. You\u2019d catch up in January, you told yourself in December. Now that it\u2019s January, it\u2019s time for a fresh start in a lot of […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n![\"\"\/](\"https:\/\/images.client-sites.com\/Quickbooks\/QBO_Jan23_Img1.jpg\")
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