Accounts Payable
Quicken Business & Personal Only
If vendors send you bills that you pay later—like monthly software subscriptions, contractor invoices, or supply orders with payment terms—you need to track Accounts Payable. Without it, you'll miss payment deadlines, damage vendor relationships, and won't know how much you actually owe.
What is Accounts Payable?
Accounts Payable is the money you owe to vendors, suppliers, or service providers for goods or services you've received but haven't paid for yet. It represents unpaid bills—expenses you've incurred that you'll need to pay in the future. Think of it as your business's credit card balance or tab that needs to be settled.
Why It Matters
Accounts Payable helps you manage what you owe and when payments are due.
Tracking Accounts Payable helps you:
See all upcoming payment obligations in one place
Avoid late fees and maintain good vendor relationships
Plan your cash needs to ensure you can cover bills
Track payment terms and take advantage of early payment discounts
Generate accurate financial reports that show true expenses
Without tracking Accounts Payable, you'll miss payment deadlines, damage vendor relationships, and won't have a clear picture of your actual financial obligations.
Example
You receive a $1,200 invoice from your web hosting provider in March with Net 15 payment terms. Until you pay it, that $1,200 sits in Accounts Payable. When you submit payment in mid-March, Accounts Payable decreases by $1,200 and your bank account decreases by $1,200.
Where to Find It in Quicken Business & Personal
At this time, there is no Accounts Payable workflow supported in Quicken Business & Personal.