Payment run
In accounting, payment run means a batch of payments released together.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 2
Not a rule
Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation — not the mechanics a bookkeeper uses to get there. Anyone citing a standard for this word is citing the wrong thing.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Payment run, in use
Quoted from the 3 documents that use the word — what it does to an interface, in the spec's own sentence.
Shows the run total and, most importantly, the cash balance remaining after the run — a payment run that overdraws is a very expensive UI failure.
The most important number is the cash left afterwards — a payment run that overdraws is a very expensive UI failure.
Exit gate: segregation of duties cannot be bypassed by any path in the UI, and a vendor bank-detail change before a payment run is impossible to miss.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- Accounts payable process for startups: intake to paymentHow a bill moves from inbox to paid: intake, coding, approval, scheduling and recording, plus AP aging and who approves what at a 10-person startup.
- Employee expense reimbursements and accountable plansHow to reimburse employees tax-free under an IRS accountable plan: business purpose, timely receipts, excess returned, mileage and sales tax on receipts.
- Vendor payment terms and early-pay discounts, explainedWhat Net 30 and 2/10 net 30 really mean, the annualized cost of skipping an early-pay discount, and how to schedule payment runs around your cash.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- batch
- payout
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Also in Payables
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
- Duplicate paymentsSame vendor, same amount, close in time — plus the same reference whatever the date.Tool
- Payments and allocationHow is a payment tied to the documents it settles?API
- Journal entry for accounts payableWhen an approved vendor bill is entered, debit the expense or asset it bought and credit Accounts payable. When it is paid, debit Accounts payable and credit Cash.Entry
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.