A payment is a disbursement of money (usually in the form of a check or currency). payments to remit payroll tax withholdings will never be an expense. payments to reduce liabilities resulting from expenses reported in earlier accounting periods (e.g. payments to reduce interest payable, accounts payable, taxes payable. The way that a buyer chooses to compensate the seller of a good or service that is also acceptable to the seller. Typical payment methods used in a modern business context include cash, checks, credit or debit cards, money orders, bank transfers and online payment services such as PayPal.

Above screenshot represents the payment invoice in that invoice adding the ledger name, amount, debit/credit generate the payment bill given to the customers.