Purchases may include buying of raw or finished goods in the case of a retail business. Having proper documentation in purchases will show you where you are spending lot of money and that is the first step in controlling expenses. Here in myBooks, expense reports are just one click away. myBooks is your one-stop accounting resource. The software lets you create expense logs, order items using purchase orders, create bills and vendor credits. Once you make a payment to your vendor, you can note vendor payments as well.