Summary
Learn how pending transactions automate trust disbursements, improving cash flow and reducing manual processing.
This article covers:
About pending transactions
Pending transactions represent scheduled future payments that will automatically transfer funds from the Trust ledger to another ledger or account. These transactions are triggered when specific conditions defined by invoice billing terms are fulfilled.
Each pending transaction includes a trigger condition that determines when it will be processed. Common conditions include:
- On Deposit Release - Funds are disbursed once the deposit is released
- On Receipt of Bills - Funds are disbursed when bills are received
By automating disbursements, pending transactions ensure that funds are moved as soon as they become available, increasing the speed at which money flows from the Trust account to your company.
Benefits of pending transactions
- Automated Disbursements - Reduces manual intervention and administrative overhead
- Improved Cash Flow- Funds are moved as soon as they become available, accelerating financial operations
- Increased Accuracy- Minimizes errors by aligning disbursements with invoice terms and system triggers
What's next?
Learn how to set up a pending transaction for a commission's invoice and set up a pending transaction for an advertising invoice.