Know when an authorised payment becomes usable cash
A customer approving a Pay by Bank payment starts a sequence. The bank executes it, the receiving account is credited, your provider reports a status and your records match the money to the sale or invoice.
Wonderful's guide separates those events so your team knows which status can mark an order paid and when the money is available to use. Check the status your provider returns, where funds are credited, how exceptions reach staff and how the payment reference enters reconciliation.
Published 22 April 2026 and updated 4 August 2026.
A £5 note once bought a cow as £50
In 1890, somebody altered the denomination on a £5 banknote to make it look like £50. The note was discovered after it was used to pay for a cow at a country fair in Yorkshire.
Build one complete overdue-invoice case
Choose the oldest unresolved invoice owed by a larger customer. Collect the agreed terms, order or contract, proof of acceptance, invoice, due date, amount and every chase with its response.
Check the interest position, send one request with a firm response date and prepare the free enquiry. Keep every item together so you can escalate without rebuilding the history.