> For clean Markdown of any page, append .md to the page URL.
> For a complete documentation index, see https://docs.tabs.com/llms.txt.
> For AI client integration (Claude Code, Cursor, etc.), connect to the MCP server at https://docs.tabs.com/_mcp/server.

# Collections & Payments

## Role in Tabs

Collections and payments sit at the end of the Tabs lifecycle, after invoices are sent:

1. **Billing terms** generate **invoices**
2. Invoices are tracked and followed up on until they are settled
3. **Payments** settle invoice balances
4. Payment and reconciliation data sync to your **ERP**

**Billing** covers invoice generation and delivery. **Collections & payments** covers everything that happens after an invoice is sent: reminders, payment collection, cash application, and credits. See [Invoices & Integrations](/billing-invoices) for how invoices are created and synced.

For the full entity hierarchy, see [Tabs data model](/data-model).

## Invoice statuses

Once an invoice is sent, it carries one of these statuses:

| Status             | Meaning                                                                                                               |
| ------------------ | --------------------------------------------------------------------------------------------------------------------- |
| **Sent**           | Invoice delivered to the customer, awaiting payment                                                                   |
| **Pending**        | Payment in progress, used when a customer has notified you payment is on the way, or when Stripe or ACH is processing |
| **Partially paid** | A payment has been applied and a balance remains                                                                      |
| **Paid**           | Payment received and applied in full                                                                                  |
| **Overdue**        | Past the due date with a balance outstanding                                                                          |

**Overdue** is derived from the due date rather than set on the invoice, so an invoice can become overdue from any unpaid status.

## Explore collections & payments

#### [Collections & Receivables](/collections-receivables)

Monitoring outstanding invoices, dunning, aging, and the Collections Agent.

#### [Payments & Integrations](/payments-integrations)

Recording payments, Stripe, Plaid cash application, credit memos, and ERP sync.

#### [Set up Stripe](/stripe)

Connect Stripe for automated payment collection.

#### [Set up Plaid](/plaid)

Connect your bank for cash application and reconciliation.