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When would I add an Accounts Payable account?

Most companies require just one Accounts Payable account, and QuickBooks creates this for you the first time you enter a bill.

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Your accountant can advise you of the circumstances that would require you to create an additional Accounts Payable account.

You can use accounts payable reports and graphs to track the:

  • Vendors you need to pay
  • Outstanding bills you need to pay
  • Amounts you owe your vendors

See also

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