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Statement Status | Explanation | Associated disbursement status |
|---|---|---|
Pending | Pending payment This is the starting status of every statement | Returned If an associated disbursement has a status of “returned”, the statement can revert to “pending” |
Processing | Payment has been initiated, but not confirmed | Processing When the disbursement updates to “processing” |
Paid | Statement has been fully paid | Processed The disbursement updates to “processed” and the total matches the amount of the statement |
Partially Paid | Statement has been partially paid | Processed The disbursement updates to “processed” and the total is less than the amount of the statement |
Cancelled | Statement has been cancelled. Example: client already paid by other means, or responsibility to pay has been waived | NA This status does not receive an update from the disbursement |
Partially cancelled | Statement has been partially cancelled. Example: Client has partially paid by other means, and the remainder has been waived | NA This status does not receive an update from the disbursement |
In order to understand how the statuses can be automatically updated, we need to understand how an entity can pay for a statement; The standard process to pay for a statement is by using our disbursement process, where a debit payout schedule is set up to collect the total amount of the statement on a recurring basis. In the below chart we will cover each disbursement Status, and how it can impact the statement.
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