TimeSolv understands the importance of payment allocations. Tracking your payments, knowing how much money you are owed, and allocating incoming payments accurately is an indispensable embodiment of any well-managed and organized business. Lack of profits is one of the fundamental reasons that businesses are unable to thrive. Positive cash flow is critical for firms to run smoothly. This means that you need to ensure payments received from customers are on time and posted correctly as this later becomes the funds needed for her business expenses. This week’s Tip of the Week will show users how to record payments and allocate them to specific invoices.
Once you receive payment from a Client, the remittance can be recorded under the Payments>Payments tab. You can keep an accurate and up-to-date record of payments and promptly allocate your receipts to the appropriate Matters.
If you’d like to contact TimeSolv support for help, please call 1.800.715.1284 or schedule a FREE 30-minute session now!