Payments Statement Page
A guide to the Payments Statement tab in the Transactions area
Last updated
A guide to the Payments Statement tab in the Transactions area
Last updated
This is an unreleased feature, date of availability in the platform is TBC.
The Payments Statement Tab provides companies with a simplified view of funds flowing through Travel Ledger, both credits and debits, and as such easing any reconciliation challenges.
The credits and debits are sortable by either review end or bank payment date, allowing users to review by settlement and banking dates. Additionally, under these overriding credit and debit amounts, users are able to drill down and export by either the associated remittances or the transactions.
The Payments Statement tab can be found under the Transactions page.
The following columns can be found in the Payments Statement tab, all of which are sortable by and searchable:
Payment Method - This indicates the type of payment related to the transaction, either Direct Debit or TL Pay Wallet
Company - This is your Company, necessary in the case the payment is specific to a branch/associated company rather than the main Head Office
Review End - This is the same Review End date as displayed in the Transactions>Bookings tab, indicating the date when the collection submission took place
Bank Date - This is the same as the Payment date as displayed in the Transactions>Bookings tab, indicating the date when the funds are either credited or debited from your Bank account
Counterparty - The Counterparty is the recipient or sender of the funds, where a Commercial Link is direct this will be the Buyer/Seller partner, or where a Processing Entity (PE) manages the relationship, this may be the name of the PE, for example 'ABTA'
Debit Amount - If an amount is/has been collected from you, it will display in the 'Debit Amount' column
Credit Amount - If an amount is/has been paid to you, it will display in the 'Credit Amount' column
Status - the status may be 'Completed' where a payment has either been confirmed as collected from or paid to you. Alternatively, where a status shows as 'Estimated' it indicates that a payment is expected to happen but is currently an estimated amount, subject to failures and changes of amount, prior to being updated to 'Completed'.
It is possible to breakdown the wider credit and debits to display the individual associated remittance advice between you and your trade partner.
To the left of each credit or debit is a small, downward arrow. By clicking on the arrow you can populate a list of the linked remittances.
The Payments Statement tab also offers the option to export either the remittance or individual transactional data that each credit or debit is made up of.
To export the data, you need to select the 'Export' button on the right of each credit or debit amount. You will then be presented with the option of 'remittances' or 'transactions'. Once you have made a selection the chosen file will be downloaded to your device as an excel file for your review.
Note: It is not possible to view full historical data in the Payments Statement tab, only the transactions created since the release of this feature will be available.
