Well, you need phosphates for the plants, but too much may bring on algae. It is usually a bit of trial & error to find the right balance, but usually around 1/10 the level of nitrates is a good place to keep phosphates.
For low light tanks, you don't really need to worry about adding ferts. But once you get into high light, then adding a balanced fert (nitrate, phosphate & potassium + trace elements) is needed. <As well as CO2.> You might want to read up on the different fert regimes (eg EI) before you turn the lights up.