How To Register Payment For Bills/Expenses

Efficiently managing transactions is a crucial aspect of property management. Whether you are creating bills or expenses or tracking their payment status, TheHouseMonk provides comprehensive tools to streamline these processes.

Creating Bills or Expenses:

To create a bill or expense, please refer to our detailed guide on 'Creating Bills or Expenses.' This article will walk you through the steps required to initiate the process.

Tracking Payment Status:

Any bill or expense created in MTL Products will initially be marked as 'Due.' To record a payment and update the status to 'Paid,' follow these simple steps:

• Open the Bill or Expense: Locate the specific bill or expense for which you wish to register the payment.

• Click on 'Register Payment': In the top-right corner of the screen, you'll find the 'Register Payment' option. Click on it to proceed.

• Add Payment Details: Provide the necessary information related to the payment method and the transaction number associated with the payment.

• Click 'Submit': After entering the payment details, click on the 'Submit' button to register the payment. Once submitted, the bill or expense status will automatically change from 'Due' to 'Paid.'

Additional Resource - We highly recommend exploring our article on 'Creating Unapplied Payments.' This resource will provide further insights into efficiently managing your property transactions and ensuring accurate accounting.

If you have any further questions or need assistance, please don't hesitate to reach out to our support team at support@monktechlabs.com