What feature helps track customer payments against their invoices?

The feature that helps track customer payments against their invoices is Payment Application. This function enables users to match received payments directly to the corresponding invoices in QuickBooks, ensuring that the accounting records reflect accurate accounts receivable balances.

When a business receives a payment, it can be directly applied to the specific invoice that the payment is intended to settle, which simplifies tracking and reporting on outstanding balances. This process helps businesses manage their cash flow effectively and provide customers with precise information about their outstanding invoices, reducing confusion and enhancing customer satisfaction.

Other options may sound plausible but do not fulfill this specific function in QuickBooks. Invoice Reconciliation might imply matching invoices with payments, but it isn't a standalone feature in QuickBooks for tracking payments. Invoice Matching typically relates to comparing purchase orders and bills rather than customer payments against invoices. Payment History Review allows users to look back at past transactions but does not aid in actively tracking payments against specific open invoices.