Track Vendor Balances in QuickBooks

September 30, 2023

QuickBooks automatically produces reports to help you accounts for the money owed to vendors.

The Vendor Balance Summary report lists the total outstanding balance owed to each vendor. The Vendor Balance Detail report lists each transaction (bill and payment) with each vendor. It also lists the ending balance.

Know where you stand with each vendor. I suggest viewing this report monthly to make sure you have paid all of your balances.

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.

For Real Estate Investors

For Real Estate Investors

For Property Managers

For Real Estate Investors

For Real Estate Professionals

QuickBooks App

QuickBooks Software

Apps we use