When goods are procured from your suppliers, you can easily create a Purchase Order (PO) record and link it to the payment record. By doing this, you can track the amount that is paid or due to your suppliers.
After the payment is done, you can update the payment record, which also automatically updates the PO.
Follow these steps to track outgoing payments:
This newly created payment record will be linked to the PO.
To learn more about Payments, click here.