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 freelancer, however it is awaiting approval by an internal team member with Finance Approver permissions.
Invoice Approved: The Invoice has been Approved by a team user with Finance Approver permissions. If you are using our Payments feature, this invoice will be paid in the next Pay Cycle, and requires no further action on the team user behalf.
Payment Sent: The payment has been submitted to the freelancer! There is a 2-5 business day processing time from when the Invoice status changes from Approved –> Payment Sent before directly deposited into the freelancers bank account.
Payment Received: Once the payment has been received into the freelancers account, they can elect to update the payment as received within the system (Note: this is optional for the freelancer to use).
Any questions? Please reach out to firstname.lastname@example.org!