A Bill you receive is essentially a statement of the amount owed for certain goods or services. Usually, there is credit period applied, in which the bill will need to be paid off. Examples of it can be an invoice you received from your supplier, a notification for telecommunication charges, et c. You can save them in Elorus by adding them as Bills and make sure they participate in your expenses.
For receipts and any expenses you have already paid for, the "Expenses" functionality may be more suitable for the registration.
Eloru's 'Bills' functionality enables you to register all of those unpaid invoices, so you can always be on top of your pending payments. Automate reminders so you know when Bill is about to be due, use payment (Paid/Unpaid/Overdue) filters in reports and the function itself and even trace all unpaid supplier invoices whenever a payment for the supplier is added in the system, enabling you to pay them off in bulk (image below).
In addition, the bills functionality allows you to add an item directly through a search in your list of products/services, The same item lines enable stock management: when the item is registered in your inventory with stock management enabled, you automatically update your stock with the increase.
- Of course, simply typing the details of your service or product is also possible.
To add a new bill, the first thing you need is a supplier: pick one from your contacts or enter a new one on the spot. The transaction will appear in your supplier statement.
When you reach the item lines, besides adding the product, you also apply a category in each of the item lines, as you would do with any other expense. This will add to the efficiency of your reporting- the "Expenses by category" report is a great way to see where your money is spent the most and help identify areas of improvement.