Payment release and clearance

Step by step

1. Schedule payment Treasury Analyst

   Treasury Analyst records direction, amount, method and date, then links the obligation.

   • The Scheduled payment identifies its source.
   • Updates Tax payments, Tax notices, Tax returns

2. Check payee context Treasury Analyst

   Treasury Analyst compares the registration and notice or return with the payment direction.

   • Wrong links are corrected before release.
   • Updates Tax registrations, Tax payments

3. Release payment Treasury Analyst

   Treasury Analyst invokes Payment Release Action on Scheduled. The receipt is written before the move to Released.

   • Scheduled becomes Released with an action result.
   • Updates Tax payments, Operation receipts

4. Record bank reference Treasury Analyst

   Treasury Analyst records the reference received for the payment and checks its amount.

   • Released work remains traceable to the bank.
   • Updates Tax payments

5. Reconcile payment Treasury Analyst

   Treasury Analyst confirms clearance before setting Reconciled, or investigates Failed.

   • The final status follows the checked bank result.
   • Updates Tax payments

Treasury Analyst

Owns scheduling, release and clearance.

Tax Manager

Reviews an approved notice when it is the source.

External Auditor

Can inspect the payment history.