2000 Accounts Payable (A/P)
Money you owe vendors for bills you have received but not yet paid. A liability until the money leaves your bank.
In Solo Superstars
Marking a bill received credits this account; paying it debits it. Quick expenses skip it entirely because they are already paid.
Example
Receive a $600 bill: debit 6100 Legal & Professional Services 600, credit 2000 600. Pay it: debit 2000 600, credit 1010 600.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- A/P
- payables
Related
- Accounts payable — Bills you have received but not yet paid. A liability until the money leaves your bank.
- Bill — An invoice a vendor sent to you. Recording it books the expense; paying it clears the payable.
- Bill status — Where a bill is: draft (still typing), received (committed, awaiting payment), or paid.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.