Payments

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 

PAYMENT STATUS	MEANING
	The status of a payment is CREATED when it is due imminently, the bank has been instructed to make the payment but not yet acknowledged the instruction.
	The status of a payment is SENT when a payment instruction has been sent to a bank and they have accepted it. In almost every case, this means the payment has been made.
	The status of a payment is REJECTED when a payment instruction has been sent to a bank and they have rejected it. Payment instructions may be rejected when invalid bank details are specified.
	The status of a payment is RETRIED when a payment instruction has been REJECTED and another instruction has been sent for the same payment.

• Open a payment from the Payment Ledger to see its details, including type (Matching fee or Maturity payment), issuer, beneficiary, and related invoices. 

  
   

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