Steps
Quick summary:
- Bill - money owed to a vendor for goods or services, tracked through Draft, Approved, Paid, Partially Paid, and Overdue statuses, with payments recorded against it.
- Receipt - a record of spending (often uploaded from a physical or emailed receipt), categorized and optionally linked to a bank transaction.
Use a bill when a vendor has invoiced you and you'll pay them over time. Use a receipt to capture and categorize a purchase, especially one already paid for by card or cash.
Good to Know
A field labeled "P.O./S.O." exists on the bill form as a free-text reference, but there is no dedicated Purchase Order record or workflow in Sumung.
Related Articles
- What Is the Purchase Module in Sumung?
- How Do I Create a Bill in Sumung?
- How Do I Create an Expense in Sumung?
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