The Quicken documentation explains how to use Quicken for cash-basis
accounts payable (A/P) and for accrual-basis accounts payable. For a cash-basis
system, the documentation recommends using a Bank account and simply postdating
checks. For an accrual-basis system, you could use an Other Liability account.
The transition to QuickBooks accounts payable is the same for either
In Quicken, if you had unpaid bills before converting, use the Write Checks
window in QuickBooks to pay those bills. For bills that you enter going
forward, use the Enter Bills and Pay Bills features to manage your accounts
QuickBooks automatically adds a new account named Accounts Payable to your
Chart of Accounts when you enter your first bill. No matter which method you
were using in Quicken, from now on, use the Enter Bills window to enter new
bills into the new QuickBooks Accounts Payable account.
Quicken payees are now on the Other Names list in QuickBooks. You must
move vendor names from the Other Names list
to the Vendor list before you can use them in QuickBooks accounts
If the Quicken payee had a balance that you converted to QuickBooks, use
Write Checks until the balance of your old Quicken A/P account equals zero
(you've paid off all your bills for that vendor). Enter any new bills
into QuickBooks accounts payable.
If QuickBooks converted memorized transactions for Quicken accounts payable,
delete them because they will not work in QuickBooks accounts payable.