Episode 22: Bill, Check, or Expense? Choosing the Right Form in QuickBooks

In this episode of QuickBooks Mastery for Small Business Success, father-daughter team Erica Northrup and Lee Davis break down one of the most misunderstood foundational concepts in QuickBooks.

They explain why bills, checks, and expenses are not interchangeable—and how using the wrong one can quietly create messy books, inaccurate reports, and confusion in your workflow.

If you've ever wondered:

“Does it really matter which form I use?”

This episode will give you a clear, practical answer.

Key Takeaways

• QuickBooks forms represent real-life financial events—not just data entry
• A Bill is for tracking what you owe before payment (Accounts Payable)
• A Check is for money going out immediately by cheque
• An Expense is for money going out electronically or by credit/debit card
• Using the wrong form can distort reports, duplicate expenses, and create confusion
• The simplest rule: match the form to what actually happened in real life

Questions to Reflect On

• Am I tracking bills before I pay them—or skipping Accounts Payable?
• Do my QuickBooks forms reflect how money actually moves in my business?
• Where might using the wrong form be creating confusion in my reports?

Mentioned in This Episode

Free QuickBooks Clarity Scorecard

Download at: https://lee-davis-and-company.aweb.page/unlock-clarity-free-scorecard

Send Us Your Questions:

[email protected]

Timestamps

00:00 – Introduction and why this topic matters

01:17 – Why QuickBooks forms are not interchangeable

04:12 – What a bill actually means (Accounts Payable explained)

07:00 – Restaurant example: tracking food invoices properly

10:30 – What a check represents in real life

14:15 – Expense vs check (credit card vs cheque clarity)

20:15 – The simplest rule: pay now vs pay later

21:00 – What goes wrong when you use the wrong form

25:15 – What to do if your workflow is incorrect

Call to Action

If you enjoyed this episode, hit subscribe and stay connected with us at leedavisandcompany.com.

Download our free QuickBooks Clarity Scorecard to see whether your QuickBooks setup is giving you the financial insight you need.

Have a QuickBooks question? Send it to [email protected] — your question may be featured in a future episode.