The Payments Panel provides instant visibility over the payments that have been collected and are expected to be collected for the current financial period.
The panel displays actuals (already collected amounts) as well as accurate forecasted amounts for future collections.
Understanding The Graph
The payments graph plots the payout amounts (payments you have received) as well as scheduled collections based on your accepted proposals.
Each month is broken down into Direct Debit (ACH, PAD in some regions) and Credit payments with Debits shown in light green and credit card payments shown in a darker green.
Hovering over a month will display a more detailed tooltip with breakdowns and more detailed totals.
Credit Card / Direct Debit:
This specific total amount is defined as any credit card or direct debit/ACH/PAD payments that have been paid out to your bank account.
These can be found under Payments → Collections → Paid (with the payment progress status of "Paid out").
Credit Card Scheduled / Direct Debit Scheduled:
This specific total amount is defined as:
Any issued invoices with a payment method attached which have not begun collecting. These can be found under Payments tab → Collections → Scheduled.
Any issued invoices which have completed collecting and are yet to disburse. These can be found under Payments → Collections → Scheduled as well as Payments → Collections → Paid.
Any un-billed items. These can be found under → Payments → Billing.
Payment Metrics
The following key metrics are displayed in the panel:
This month: Payments collected to date this month
Next month - The total payment volume expected to be collected in the next calendar month. For example if the current month is July, then this shows the payment volume expected in August.
This financial year: This is a project sum of all the collected (and paid out) payments + the sum of all the scheduled payments for the current financial year.
Unbilled Projections
When you hover over a certain month, the system will display actuals as well as forecasted amounts for future payment collections.
If you would like to dive deeper and get more specific data on the unbilled projects that have yet to be collected, you can do this by using the Billing Tab.
The Billing Hub tab offers a comprehensive list view of all upcoming manual billings across clients. It empowers you to filter, schedule invoices, or instantly invoice, facilitating seamless management of your manual billing items.
