Payments
A payment is a transfer of money from one party to another. Open Account Automation generates two types of payment:
- Maturity payment: Buyer pays supplier to settle an Invoice.
- Matching fee payment: Buyer pays Kanexa a matching fee.
Any payment may relate to one or more invoices.
Viewing payment information
1. Payment Ledger
- Payment Ledger is a list of payment records.
2. Payments
- Ledger includes maturity and matching fee payments.
- Payments may be settled or due soon.
- Payments can consolidate several invoices.
3. Payments statuses
| The payment is due imminently, the bank has been instructed to make the payment but not yet acknowledged the instruction. | |
| The bank has rejected an instruction to make the payment. | |
| The bank has been sent an instruction to make the payment after the previous instruction was rejected. | |
| The bank has accepted the payment instruction. |
4. Viewing payments details
-
Open a payment from the Payment Ledger to see its details, including type (Matching fee or Maturity payment), issuer, beneficiary, and related invoices.
Watch the video
Still having trouble? We're here to help! Contact our Customer Support Team.