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Introduction

Nearly every business engages in spending of some sort. Businesses purchase inventory items, pay rent, buy supplies, clean their premises, pay employees, purchase equipment; the list goes on and on. The tasks described in this chapter will assist you in keeping track of your expenditures and knowing how much it costs to run your business. Besides knowing how much you spend, it's important to know how much you owe and when your payments are due. You can have all this information at your fingertips when you track your expenses using QuickBooks.

QuickBooks provides an option to use purchase order forms to record the items you have ordered so you can predict what bills are pending. Using purchase orders also enables you to keep track of what is on order so you don't reorder the same items. In QuickBooks, purchase order information flows directly to bills as soon as you receive the items you ordered. This way you don't have to enter your purchase information twice. And if there are discounts available for early payment, QuickBooks calculates those for you.


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