Payment Runs & Reconciliation
Payment run statuses
Understand calculation, approval, bank-processing, settlement, failure and archive statuses.
Written by Katrin Erb Updated Published A payment run moves through calculation, review, approval and bank processing. The exact path depends on the exporter and the bank response.
Preparation and approval
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Calculating: Flinq is calculating the account-level payment entries.
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Draft: calculation is complete and the run is ready for review.
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Awaiting approval: the run has been submitted to an approver.
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Awaiting payment: approval is complete, or a manual file has been downloaded, and payment still needs to be sent or confirmed.
Bank processing
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Sent to bank: Flinq submitted the run through an automated exporter.
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Received by bank: the bank acknowledged receipt.
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Accepted by bank: the bank accepted the instruction.
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Awaiting bank authorisation: one or more payments need additional approval in the bank platform.
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Pending settlement: the bank accepted the instruction and settlement is pending.
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Paid: the run is settled and paid.
Exceptions
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Partially accepted: the bank accepted some payments and rejected others. Review is required.
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Failing: an error occurred during payment processing. Establish whether the bank received anything before retrying.
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Rejected: an approver or the bank rejected the run.
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Archived: the run was taken out of the active workflow. It remains part of the audit history.
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