 In this presentation, we will track and pay bills. In other words, we've entered bills in the past, increasing the accounts payable. Now we're gonna track those bills, see what bills are in place and decide which ones we want to pay, and then pay the ones we decide we want to pay. Time to get started with Sage 50, Cloud Accounting. Here we are in our Get Great Guitars file. We're currently in the Vendors and Purchases section. Within the Vendors and Purchases section, we have the flowchart down below, the flowchart including the items of entering bills and then pay bills. That's gonna be our normal kind of flow that we will be having. When we enter bills, that's gonna enter or increase the accounts payable account, a liability account. And then of course, when we pay the bills, it's gonna be decreasing that accounts payable account and then taking money out of the cash or checking account. So let's take a look at the bills we currently have. We can go to the enter bills here and say we wanna see a new bill. That's not what I wanted to do. Hold on a second, close that back out, we wanna see the second item, which is to view and edit bills. So view and edit bills, these are the bills that we currently have in place. We could sort these bills by our statuses up top or the amounts and whatnot to see which bills we want to pay, then decide which bill we want to pay. Now in this case, we're gonna pay this one, this one to Fender. So Fender was a new vendor, a new vendor Fender. And we're gonna be paying that bill. We're not gonna pay the epiphone at this point in time. So I'm gonna close this back out. Then we have a couple of different options in order to enter the bill. We can go to the bills here. We can pay the bill one at a time. We could pay multiple bills. We're gonna be paying the one bill here. So I'm gonna say pay bill up top. So we're gonna go into the pay bill. I'm gonna make this large so we can pay it. And then we're gonna check the vendor and the vendor will of course be our new vendor, Fender. So Fender is who we buy guitars from. Notice it popped over here from the right hand side to the left hand side in terms of the tabs. And now it's showing the item number, the bill and essence. So then if I was to tab through this, I'm gonna say, alright, let's tab through this. I'm gonna put a check or reference number. I'm just gonna put one in here. 228, let's keep that's pretty good date. And then I'm gonna say that, actually let's bring this down a bit. Let's bring it to like the 22nd. And then we'll say it's coming out of cash. We have the different forms of payment that we can be using. Cash, check, amix and so on and so forth. I'm gonna go down here and check off the actual bill that will populate the amount up top. So now the amount up top is populated. This is gonna be coming out of not the cash on hand but the checking account. So we want this coming out of the checking account. So it's gonna be removed from the checking account. So that looks good. What's gonna happen when we record this? It's gonna be coming out of the checking account. The other side is gonna go to the accounts payable or account decrease in the accounts payable. Let's go ahead and do that. We're gonna say save. And then we'll close this back out and we'll take a look at our reports up top. All we need really is the balance sheet reports. So let's take a look at the financial reports because that's where the balance sheet is. And then we'll go into the balance sheet. We're gonna be changing the dates up top. It's currently in February. That's what we want. So I'm gonna say okay. And then we are in our balance sheet here. Then I'm gonna go into the checking account. And we should see the decrease happening within the checking account. There it is for Fender, the bill we paid to them. And then I'm gonna close this back out. I'm gonna close this back out. The other side then on the accounts payable, double clicking on the accounts payable. We see the amount decreasing the accounts payable account as well here. Closing this back out, closing this back out. Also note the accounts payable would then be supported by subsidiary ledgers which break this information out not by date but by vendor who we owe to. So I won't go into that again now because we've seen it in the past. It's very similar to the accounts receivable, subsidiary ledgers, but just be aware that this amount should be tying into the subsidiary ledger breaking the same information out by vendor. So that's gonna be it for now. Let's get out of here.