I’ve switched from QuickBooks Desktop to QuickBooks Online. I’ve noticed in QuickBooks Online there is Cheque and Expense under Suppliers. What it is the difference between the two?
Cheque feature works the same as in QuickBooks Desktop. If you are just looking to enter debit or credit charges into QuickBooks or a cash transaction and do not need to print a cheque, use Expense.
Differences Between Cheque and Expense
1. Write Cheque from selected Bank Account.
2. Cheque no field.
3. Option to print cheque.
4. Payment date and mailing address fields.
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1. Create Expense from either Bank Account or Credit Card Account.
2. Ref no field.
3. Payment method option area: You have the option of Credit Card, Cash, Cheque, Direct Debit or Add New (create your own).