Aging Request To Pay

Batch Upload, Download & Reporting for Aged Invoices

Tired of manual workarounds or clunky accounting exports? The TodayPayments.com platform allows for:

• One-time or recurring batch uploads of RTP files across all U.S. financial institutions
• Download-ready reporting for payee tracking, aging summaries, and payment trends
• Smart dashboards that help you monitor which invoices are 15, 30, 60, or 90+ days past due
• Compatibility with ISO 20022 schemas, including custom tags for reconciliation

This isn’t just accounting. This is intelligent automation for every stage of your accounts receivable lifecycle.

Free Templates: Aging A/R & Bank Reconciliation—Done for You

To make your implementation even smoother, TodayPayments.com offers free downloadable templates for:

• Aging Accounts Receivable Worksheets – categorize and track overdue invoices by age and amount
• Bank Reconciliation Templates – instantly align your payment batches with bank debits and credits
• Customizable Excel, XML & JSON file formats – tailored for RTP and ISO 20022 use cases

Whether you’re an SMB or a high-volume enterprise, these plug-and-play tools can help you shorten your payment cycle and clean up your balance sheet—fast.

To allow payees to match, merge, and clear Request for Payments (RfP) in your Aging "Request to Pay" spreadsheet, you can create a collaborative and user-friendly environment. Below is a guide on how to structure your spreadsheet and implement functionalities for matching, merging, and clearing:

Spreadsheet Columns:

1. Request/ Payment ID:

• Assign a unique identifier to each RfP and corresponding payments.

2. Vendor:

• Identify the entity or individual making the payment request.

3. Invoice Number:

• Unique identifier for each digital invoice or payment request.

4. Amount Requested:

• The total amount requested for payment.

5. Payment Amount:

• The actual payment amount.

6. Match Status:

• A column to indicate if the payment matches the request (e.g., Yes/No).

7. Merge Status:

• A column to indicate if multiple requests have been merged (e.g., Yes/No).

8. Clearance Status:

• A column to mark when the payment is cleared.

Spreadsheet Formulas:

1. Match Status Formula:

• Create a formula in the "Match Status" column to automatically determine if the payment matches the request. For example, =IF([Payment Amount]=[Amount Requested], "Yes", "No").

Data Validation:

1. Dropdown Lists:

• Implement dropdown lists for the "Match Status," "Merge Status," and "Clearance Status" columns. This ensures consistent and standardized input.

Conditional Formatting:

1. Color Coding:

• Apply conditional formatting to visually highlight matched, merged, and cleared payments.

Collaborative Features:

1. Sharing and Permissions:

• Share the spreadsheet with payees and grant appropriate permissions to edit relevant columns.

2. Comments and Notes:

• Encourage payees to use comments or notes to provide additional information about matching, merging, or clearing.

Notification System:

1. Automated Alerts:

• Set up automated alerts to notify payees when new payment data is added to the spreadsheet.

Regular Review Meetings:

1. Scheduled Meetings:

• Conduct regular meetings or check-ins between payers and payees to review and discuss the status of payments.

Example Structure:

Notes:

• This approach relies on user input and collaboration.
• Ensure that payees are trained on how to use the spreadsheet and understand the matching, merging, and clearing criteria.
• Keep the spreadsheet regularly updated and maintain open communication channels between payers and payees.

By implementing these features, your spreadsheet becomes a collaborative tool for managing Request for Payments and associated real-time payments. Adjust the structure and functionalities based on the specific needs and processes of your organization.

Ready to put an end to your payment delays and aging receivables? With TodayPayments.com, you gain the power to upload Aging Request to Pay batches, download smart reports, and reconcile with confidence using ISO 20022. Best of all, you’ll receive free A/R and reconciliation templates to fast-track your onboarding.

👉 Don’t wait for your payments. Take control with real-time batch solutions today.
🚀 Visit https://www.TodayPayments.com and get started!