How to record bill payment in banking transactions

Recording bill payments in QBO is a breeze, @mannaluru-gmail-.

Follow these steps to get started:

1. Click the +New icon.
2. Select Pay bills.
3. Choose the Payment account and enter the Payment date.
4. Select the bill you'll need to pay.
5. Enter the amount you paid towards the bill. 
6. Once done, click Save and close.

For more info about the process, please see this article: Enter bills and record bill payments in QuickBooks Online.

Also, QBO offers a lot of vendor ready-made reports to track your expenses. To get started, simply go to the Reports menu and scroll down to the What you owe section. From there, click whichever vendor report you'd like to open

Don't hesitate to post here again if you have further concerns about making a bill payment in QuickBooks. I'll be around to help. Keep safe.