Receipts & Bill

NicholasFresherd

Hello there i hope to get the help from the support of the community or wave accounting team.

I have 4 vendor that i take my supply from therefore they will be giving me their invoice some time i pay them on cash and sometime is on terms.

However I like to know should i record it invoice from them as receipts or bill ?

I will like to record each of the item of the purchase from the supplier.

Hot_Glass

I use receipts for anything paid up front, COD, etc.
And bills for anything on terms.
You can use either for any vendor.

If you wanted to just use bills, you could enter bills for all, and mark off ones paid for immediately as you process the info into Wave, but really that adds another process (time) so why not just use receipts for those ?

I assume doing a report on a supplier that you do both of these payment functions with, will bring up both receipts and bills (outstanding or paid).