Payment Status

Payment Status

 

Payables displays the status of the payment. You can change the value in this field under ertain circumstances for future dated payments. Note that the statuses that Payables uses for cleared payments and reconciled payments depends on your setting for the Account for Payment When Payment Clears Payables option.

 

• Cleared.

The bank has disbursed funds for the payment, and the payment has been cleared, but not matched to a bank statement within Oracle Cash Management. Payables uses this status when the Account for Payment When Payment Clears Payables option is enabled;

 

• Cleared But Unaccounted.

The bank has disbursed funds for the payment and the payment has been cleared but not matched to a bank statement within Oracle Cash Management. Payables uses this status when the Account for Payment When Payment Clears Payables option is disabled;

 

• Issued.

This is a future dated payment that has been created and status has not yet been changed to Negotiable. On and after the Maturity Date, you can update this status to Issued either by changing this field manually, or by using the Update Matured Future Payment Status program. See: Update Matured Future Payment Status Program: page 6 – 115. You cannot clear payments with a status of Issued in Oracle Cash Management.

 

• Negotiable.

The payment is issued and can be cashed by the supplier. If this is a future dated payment you can update the status from Issued to Negotiable on or after the Maturity Date. You can do this manually in this window, or you can submit the Update Matured Future Payment Status program. See: Update Matured Future Payment Status Program: page 6 – 115.

For future dated payments, you can change the status from Negotiable back to Issued only if the payment has not cleared and if accounting has not yet been performed.

 

• Overflow.

Complete remittance information, (for example, a list of the invoices paid), did not fit on the actual payment document, and Payables used an overflow payment document to record the

additional remittance information. You send to the supplier only the remittance portion of this payment document with any other remittance stubs and the payment. Overflow payment documents are void.

 

• Reconciled.

The bank has disbursed funds for the payment, and the payment has been reconciled and matched to a bank statement in Oracle Cash Management. Payables uses this status when the Account for Payment When Payment Clears Payables option is enabled.

 

• Set Up.

The payment document was used in a payment batch to align checks in a printer, and you have confirmed it as a Setup check when you confirmed the payment batch. It is non–negotiable.

 

• Spoiled.

The payment document was damaged during a payment batch and you have recorded it as Spoiled when you confirmed the payment batch. It is non–negotiable.

 

• Stop Initiated. You have initiated a stop payment on the check.

 

• Unconfirmed Set Up.

The payment document was used as a set up check in a payment batch, and you have not yet confirmed the payment batch.

 

• Voided.

You have voided the payment, and it is no longer valid for payment.

 

• Reconciled But Unaccounted.

The bank has disbursed funds for the payment, and the payment has been reconciled and matched

to a bank statement in Oracle Cash Management. Payables uses this status when the Account for Payment When Payment Clears Payables option is disabled.