Awaiting My Approval
After a payment is created, it must receive approval from the designated authority, such as an accountant manager or supervisor. In some cases, once the green light is giving, the payment becomes visible to the client for their approval or rejection.
Awaiting Client Approval
After a payment is created and approved by designated authority (firm, accountant, supervisor etc…) it must receive approval from the client before proceeding.
Payment Queued
The payment has been scheduled and approved by both the account and the client, and is now waiting to be processed.
Processing
This stage involves verifying funds and initiating the transaction, with funds potentially being held for a specified period to ensure availability.