As a payment moves through the payment workflow, it goes through a number of different statuses as a result of the actions performed in the payment. The following table details each payment status.
The following table details each Approve Payment status.
|Ready to Check||The payment is awaiting checker approval. Once the checker has sent the payment for approval, it will move to Pending Approval status.|
|Pending Approval||The payment has been created, verified and is ready for approval. Once approved, it will move to either: Closed, Partially Approved or Approval Failed status.|
|Partially Approved||The payment requires multiple approvals, and it has already been approved by at least one approver. It will remain in this status until the final approver has approved the payment. Once complete, it will move to either Closed or Approval Failed status.|
|Needs Repair||The payment has a potential error and has been sent for Repair by a user in your organisation.|
|Returned by Bank||The payment has been returned by the bank and needs to be corrected and re-approved before it can be processed by the bank.|
|Approval Failed||The payment has failed the approval process and requires further action.|
|Verified-Pending FX||The uploaded payment is awaiting FX validation. Open in Transactive Trade / APEA to view the full details pending action.|
|FX Threshold Exceeded||The Foreign Exchange threshold limit has been exceeded.|
The following table details the Current Payments status.
|Approved||The payment has been approved but has not been processed by the bank. Once processed, it will move to either Closed, Cancelled, or Completed with Errors status.|
|Draft||The payment has been created and saved but not yet submitted for approval.|
|Future Value Dated||The payment has been approved and is being held for processing on the value date.|
The following table details each Past Payments status.
|Cancelled||The payment has been cancelled.|
|Closed||The payment has been successfully processed by the bank and closed.|
|File Upload Rejected||The uploaded payment file has been rejected.|
|Completed with Errors||Some payments in a batch have been rejected by the bank.|