# Managing Payments

This feature allows you to track all payments related to a project and its invoices.

## **1 - Record a payment**

<figure><img src="https://4161080466-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaX264ZGo7TMCDV-wYU%2Fuploads%2F5n3vYPm3a7yzHGCcpqjA%2FCleanShot%202024-05-28%20at%2006.30.55%402x.png?alt=media&#x26;token=6505181d-bb16-4673-a013-7c739d7a13df" alt=""><figcaption><p>Recording a payment</p></figcaption></figure>

**1 - Record Payment**: Click to open the modal to record payment.

**2 - Payment Date**: Date of payment received.

**3 - Invoice**: Specify which invoice the payment refers to.

**4 - Payment Type**: Select the payment type, such as bank transfer, cash, etc.

**5 - Amount**: Full amount received.

**6 - Comments**: Add any relevant comments.\
\&#xNAN;*<mark style="color:orange;">**Example**</mark>*<mark style="color:orange;">:</mark> <mark style="color:orange;"></mark>*<mark style="color:orange;">Payment received in two parts due to transaction limits.</mark>*

## 2 - Payment Table

<figure><img src="https://4161080466-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaX264ZGo7TMCDV-wYU%2Fuploads%2FfKrR44afvxuhjCbQSKG0%2FCleanShot%202024-05-28%20at%2006.33.43%402x.png?alt=media&#x26;token=9095d352-b9c3-4640-8d9f-139ea88f47bc" alt=""><figcaption><p>Payment Table</p></figcaption></figure>

**1 - Payments Table**: This table lists all the payments recorded for the project. Each line represents a single payment.

**2 - Settlement Feature**: This is the settlement feature, used to adjust the balance.

## 3 - Payment Settlement

The settlement feature allows you to write off a small amount when the balance is not equal to zero due to some bank fees.

<figure><img src="https://4161080466-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaX264ZGo7TMCDV-wYU%2Fuploads%2FLs1Di82V6tqTAhM2MH6w%2FCleanShot%202024-05-28%20at%2006.35.26%402x.png?alt=media&#x26;token=6cf64bdf-5dcd-4431-9676-88d20b3da25e" alt=""><figcaption><p>Settlement Modal</p></figcaption></figure>

**1 - Amount**: Enter the amount to be written off (it can be negative).

**2 - Comments**: Add comments to explain the settlement.\
\&#xNAN;*<mark style="color:orange;">**Example**</mark><mark style="color:orange;">: Write-off due to bank transfer fees.</mark>*

<figure><img src="https://4161080466-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MaX264ZGo7TMCDV-wYU%2Fuploads%2FTGylFVt9qHm9hXRBqqDM%2FCleanShot%202024-05-28%20at%2006.36.07%402x.png?alt=media&#x26;token=c69dce87-0b98-47d7-86dd-1259d2f01e1d" alt=""><figcaption><p>Bringing Balance to zero</p></figcaption></figure>

**1 - Balance Settled**: By adding a settlement, the balance has been adjusted to zero.