# Managing Payments

Once the customer receives an invoice, the next step is to track and manage payments. ERP systems provide functionality to log payments, track outstanding amounts, and send payment reminders.

**Key Concepts in Payment Management:**

* **Payment Methods:** ERP systems track different payment methods, such as credit card, bank transfer, or cash.
* **Partial Payments:** If a customer only pays part of an invoice, the system tracks the remaining balance.
* **Overdue Payments:** Automated reminders can be sent to customers when payments become overdue.
* **Reconciliation:** Payments received are matched against the respective invoices, ensuring that financial records are accurate.

<figure><img src="/files/uVVvpbZWA0OTQ4llgF4v" alt=""><figcaption><p>Payment tracking: Emailing Payment reminders in Pakk</p></figcaption></figure>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://academy.pakk.io/school-of-erp/invoicing-and-payments/managing-payments.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.