What it does
Records and reconciles both incoming customer payments and outgoing vendor payments, with a pending-payments queue for anything still owed.
Why it matters
Cash collection is where receivables either turn into real cash or quietly age into bad debt — this keeps that visible.
How to use it
- Record a payment against an order, invoice, or vendor bill as it's received or made.
- Check Pending Payments for anything customers still owe.
- Reconcile recorded payments against bank activity in Banking.
Main buttons and actions
- Record Payment
- View Pending Payments
- Filter by customer/date
Example workflow
- Invoice or bill is issued.
- Payment comes in (or goes out) and is recorded against it.
- Balance updates automatically on the customer/vendor record.