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TUTORIAL
Lesson 3 - Paying Bills
(Screen 10 of 10)
- True or False:
You must create a list of payees before you can begin paying bills electronically.
The answer is False. Although you can create a list of payees before you pay bills, you can also create a payee when you add a new transaction.
- True or False:
You can schedule a $75 payment to your day care center and have it automatically paid every Friday.
The answer is True. By completing the Schedule Payments section on the New Payee/Payment screen, you can have a payment sent to the same payee, for the same amount, for whatever time period you select.
- True or False:
Pending payments are electronic payments that are scheduled to be paid but are still outstanding.
The answer is True. Pending payments are electronic payments that have not been processed.
- True or False:
Payees that are included in payee groups are paid automatically.
The answer is False. Payee groups do not generate payments for you. You use payee groups to help you organize your payees into logical groups you choose, for example, First of the Month, College Expenses, or Year End Bills.
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