How to Create a Bill Using a Liability Account
22 steps
2 minutes
1
Navigate to Brokerage Engine.
2
Click "Accounting" to navigate to the module.
Create Report with Balance
3
Click the "Banking" tab.
4
Click the "Bank Register" option.
5
Using the dropdown menu, select the Liability Account used for tracking.
6
The current ending balance will display. This covers all entries, including the current month.
7
Adjust the date range to display the desired month.
8
Click the "Search" button.
9
The table will adjust and display the desired month of entries.
The “Current Ending Balance” will remain unchanged, as it reflects all entries in the Bank Register, including current transactions.
10
Click the "Download as CSV / Excel" button.
11
The Report will display the information on the Bank Register sorted by date.
12
Add the “Increase” column, which represents the amount for which the Bill should be created.
Create the Bill
13
Click the "Quick Actions" menu.
14
Click the "New Bill" option.
15
Create the Bill with the required information. The Vendor should be the payee associated with the Expense.
16
Using the dropdown menu, select the Liability Account used for tracking.
17
Add a Description on the field. This will be display on the Bank Register.
18
The Amount should be the total for the "Increase" column on the Bank Register Report.
19
Use the dropdown menu to select a Class.
The Class can be selected to tie the amount. If multiple Classes were used when the amounts were tracked on the Main Journal Entry, then multiple lines can be added on the Bill to break down the amounts accordingly. The Bank Register report will display both the Class and the Amount breakdown.
20
Click "Save"
21
Click "OK"
Review the Bank Register
22
The Bank Register will display the Bill as decreasing the Account Balance.
