FREE 10+ Payment Tracker Samples in PDF

Do you know why some people and businesses have a lot of problems managing their finances? While overspending and non-accountability might be some of the contributing factors to why people go through financial troubles, there is also the case of not monitoring their income or expenses when they actually can. Especially in terms of payment either for bills incurred or services rendered. This is why you should consider having a payment tracking system to avoid the errors that you may encounter when dealing with payments of any form. In this article, we will discuss payment trackers and how you can make one for your own use. 

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0+ Payment Tracker Samples

1. Payment Tracker

2. Bill Payment Tracker

3. Credit Payment Tracker

4. Electronic Payment Tracker

5. Automatic Payment Tracker

6. Payment Tracker Course Summary

7. Payment Submission Tracker

8. Pre-Authorized Payment Tracker

9. International Payment Tracker

10. Debt Payment Tracker

11. SignUp for Payment Tracker

What Is a Payment Tracker?

A payment tracker is a business management tool that allows you to monitor your payments, either outgoing or incoming, in real-time. Many industries and entities use payment trackers to monitor their finances closely, such as accounting firms, billing companies, service providers, freelancers, business corporations, and can even be used inside the household. There are also various formats in which you can write the payment tracker, such as the roster form, calendar form, or by using a billing invoice to keep a record of any transactions involving money. 

How To Create a Payment Tracker?

In creating a payment tracker, you need to decide on who will be using the tracker, what format will work for your needs, and when you are going to need it. In the following sections, you will find some of the steps we have prepared so you can start on your task without further ado. 

1. Get the Correct Materials

Before you start working on your tracker, we need you to look for the appropriate material where you can write your payment information. If you are making one for household billing purposes, then we suggest that you get a journal where you can write down any data manually. For those who own a small business or work in a corporation, it is highly recommended that you get a payment tracking app where you can transfer information from your invoices efficiently. If both users want to have material that they can edit and reuse at any time, then a template would work wonders. 

2. Input Client or Account Details

In this part, you need to write down information about the client paying you or the account of the service provider you are indebted. If you are using the payment tracker as a part of your personal planner, you only need to indicate the name of the account you are indebted to or the name of the company or person that’s paying you. For businesses though, be detailed as much as possible, especially if you are using recordkeeping apps for payments so that it will sync to their accounts and that your accounting team will be able to access them when needed. 

3. Write Down the Date of Payment

The next step would be to record the date for when the payment was done. For those who are paying their debts, this is important since it will help you track how much debt you have left to repay. For businesses, including the date will help you monitor the payment of clients which is essential to the operations of your company and the flow of your finances. 

4. Update Your Tracker Weekly or Monthly

If you are paying your creditors or getting payments from clients on a weekly or monthly schedule, then it is time that you should also update your tracker. This is very vital if you want to be motivated when acquiring funds for debt repayment or to improve your business. If you have an accounting team doing the job for you, always make it a point to talk to them for updates on the status of your business finance. 

Tracking the flow of your money is very important if you want to manage your finances whether it’d be for personal or business use. This is why we strongly recommend that you get a payment tracker for yourself by downloading our editable and creative templates which you can access here in our article or in our gallery.