Paid status applies to both sales and expenses. It can indicate:
Whether a customer has paid an invoice.
Whether your company has paid a bill.
Invoices or bills that have been paid in full.
Invoices or bills that still have a balance due.
All invoices or bills, regardless of whether they have been paid.
Example: For best results, use this filter in combination
with the Transaction Type filter. For example, to limit the report to all
invoices that have been paid, set the Transaction Type filter to Invoice and
the Paid Status filter to Closed.