Bills vs Payments
There are two types of purchases within Akaunting: Bills vs Payments.
Bill is a planned and itemized document, Payment is an instant and simple expense.
Bill is a document received from your vendor that indicates the items (product or service) bought by you. It is generally not paid yet. You should use bills if you work with tax.
Payment is a paid expense transaction. It can be an independent record (i.e. food receipt) or attached to a bill. There are no items within the payments. Tax is not applicable.