How do you track payments received?


Quick Answer

Individuals or businesses can track payments received by creating spreadsheets by hand or electronically, according to Business News Daily. Computer software and applications such as QuickBooks, FreshBooks and Simple Invoices can also simplify the process of tracking invoices and payments received.

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Full Answer

Online applications such as ZohoBooks and Sage One provide individuals and businesses with tools to create and send electronic invoices, track vendor balances and track payments received, explains Business News Daily. Software applications for accounting processes are often compatible with payment systems such as PayPal and Google Checkout. Computer software and applications to track payments received may incur a one-time or monthly fee for use.

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