Record a Billing Payment

Your progress:

What will you learn in this lesson?

After completing this lesson, you’ll be able to:

  • Explain how to record a Billing Payment.

Let’s set the scene.

  Layne has confirmation that Grommets, Inc. has paid their first invoice for the website build project. Great news! Layne now needs to record that payment in Mission Control.

What is a Billing Payment?

On a Billing Event, you can add a Billing Payment to indicate money has been received. If an invoice is going to be paid in multiple installments you can add more than one Billing Payment.

A summary of the monies owing for an individual invoice including the total amount invoiced, the total paid and the amount outstanding is displayed on the Billing Event Details page.

View Billing Event Financial Information.

A summary of all monies owing for the entire project including the total amount invoiced, the total paid and the amount outstanding is displayed on the Project Detail page.

Let’s create a Billing Payment.

Layne has received money for the first invoice and is ready to record the payment in Mission Control. Here are the steps:

  1. Navigate to the Billing Event.
  2. From the Related tab, go to Billing Payments.
  3. Click the New button.
  4. Complete the details of the payment.
  5. Click Save.

Create billing payment.

Layne has created a Billing Payment record.

Before we move on…

Let’s assume Layne has sent all invoices for the website project and received the final payment. What’s next? She is now ready to archive the project.

Ready to move on? Take the quiz below to test your knowledge.