There are 4 statuses that Invoices can have from the creation of the invoice, to the receipt of funds.
Invoice Pending: The Invoice has been submitted to the client, however is awaiting to be approved by their internal team members before moving to the next status.
Invoice Approved: The Invoice has been Approved by your client, and will be scheduled for a payment pending the agreed terms you have with your client.
Payment Sent: Your payment has been sent to you! If your client is using Kalo to process their payments, please allow 2-5 business days from once the Invoice status changes from Approved –> Sent to land directly within your bank account.
Payment Received: Once the payment has been received into your bank account, you can elect to update the payment as received within the system to ensure you track your records correctly.