Creating a Bill

Eazy

Hi Experts, i want to ask when it says create a bill is it like an expense?
So once you create a bill and pay vendor is the amount being deducted from the cash and bank total?

I want to run my accounting correctly, so meaning what i have in the bank should show on WAVE, and i dont mind doing it manually as my countries bank does not work with WAVE.

Mikeg

@Eazy,
When you create a bill you are creating an expense (debit expense and credit Accounts Payable). When the bill is paid cash will go down (credit) and the Accounts Payable will decrease (debit).