Status Changes in Accounts Payable

With our Accounts Payable refresh, we have introduced more specific statuses to help your scaling team manage processing, paying & reconciling your payables.

Rho AP is broken down into two cycles: Bill cycle and payments cycle.

1. The Bill cycle includes submitting, processing, editing, and reconciling bills
2. The Payment cycle includes confirming payment details, approving, scheduling, and reconciling bill payments.

Here is a mapping of how our prior statuses map to new AP statuses:

Bill Cycle

This workflow starts with a status of Bill Draft and ends with a Status of BIll Processed

Payment Cycle

This cycle begins when a Bill moves to Processed Status and begins with Payment Draft Status and ends with Paid status.

Additionally, a Bill can always be Archived and now includes more granular statuses to ensure your team understands why a bill is not moving forward to payment.

Note that bill payments can only be archived when they are in Payment Draft status.