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What’s the difference between a Bill and an Expense in QuickBooks Online?
If we hover over the Create Menu, then under Vendors, you’ll find two ways to record costs: Expenses and Bills. So which one should you use?
If you’ve already paid, you should record it as an Expense.
But if you’ve received an invoice and haven’t paid it yet, that’s when you use a Bill. This lets you track what you owe and pay it later.
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