Payments Overview

The Payments feature uses a payment stream to track both outgoing payments made by your company in accordance with the terms of a contract, and incoming payments, or monies your company receives for providing  goods or services.  A payment stream consists of individual payment records that capture information for a payment, such as the invoice number, date, and due date, and the payment date.  A payment forecast can be generated for each payment stream, showing projected revenue, which can be useful in planning a budget.

You can perform the following tasks related to payments streams and forecasts:

Payment Streams:

• Review existing payment streams
• Locate a payment
• Add a payment stream
• Edit a payment stream
• Delete a payment stream

Payment Forecasts:

• Review Payment Forecast screens
• Review existing payment forecasts
• Generate a payment forecast
• Edit a payment forecast
• Delete a payment forecast