QuickBooks Preferences Bills: Company Preferences Tab

The QuickBooks Preferences Bills section of the preferences window is fairly short but very important. This section only has one tab with options – the Company Preferences tab. It is important to note that any options in this tab will affect the entire company and all users who access this company. These options can only changes by an administrator.

  • Bills are due XX days after receipt
    • This option is used to determine when to add bills to the Reminders window. The initial value is 10, but it can changes to any number. If the number is kept at 10, then if a bill is entered in on February 5th, the bill’s due date will be set to February 15th.
  • Warn About Duplicate Bill Numbers from the same Vendor
    • Checking the box for this option will display a warning if a QuickBooks Preferences Bills from a vendor has the same number as a previous entry. This is a great way to avoid accidentally paying a bill twice.
  • Automatically Use Credits
    • Selecting this option will automatically apply for a credit from a vendor to the next bill.
  • Automatically Use Discounts
    • Checking this option will automatically apply any discounts to a QuickBooks Preferences Bills that is pay in the Bill Pay section

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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