Collecting

This chapter covers getting paid and keeping track of who still owes you.

1. Receive a Payment — cash, bank transfer, GCash, Maya or check, over one or several invoices.
2. Deductions — when a customer pays less because of withholding tax, wrong pricing or support.
3. Post-Dated Checks — hold them until they clear.
4. Customer Deposits — money received before there’s an invoice.
5. Who Owes What — statements, ledgers and receivables reports.

Payment terms count from delivery. An invoice isn’t due — and can’t be overdue — until it’s marked Delivered.

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Table of contents

• Receive a Payment
• Deductions
• Post-Dated Checks
• Customer Deposits
• Who Owes What