Track Client Payments Received for Vendor Invoices

Track Client Payments

The Track Client Payments feature was introduced to provide the user with the ability to track client payments against payables. By tracking client payments on payables, the user can know when the payable has been completely paid by the client and, therefore, when it is ready to be paid by the firm.

Follow these steps to enable this feature:

1. Launch Abacus Accounting
2. Open the Company Preferences
   • File > Setup > Company Preferences
     
     
     
     
3. Check “Track Client Payments Received for Vendor Invoices”.
   
   
   
   
4. Click ‘Done’.
5. Click ‘Ok’.
6. Close and re-launch Abacus Accounting.

How It Works:

1. Once Track Client Payments is turned on, the Track Client payments check box appears on the Enter/Post Payables window's Client Section tab.
   
   
   
   
2. When Track Client payments is checked for a payable, client payments for the payable will be recorded on the Print AP Checks window's Check Selection tab as well as on the A/P Unpaid Invoice Details with Client Payment Details report.
3. On the Print AP Checks window's Check Selection tab, the Tracking Client Payments field indicates if Track Client payments was checked when adding the payable, and the Client Payments field lists the amount the client paid against the payable.
   
   
   
   
4. On the A/P Unpaid Invoice Details with Client Payment Details report, the Tracking Client Payments field indicates if Track Client payments was checked when adding the payable, and the Client Paid Amount and Client Paid Date fields list the amount and date the client paid against the payable.