What does each Accrual status mean?

1. NEW = The accrual has just been submitted and your Customer will need to review the accrual and commence the approval process.
   
   
2. PENDING = The accrual has been received by your Customer and is currently being reviewed internally for approval/rejection.
   
   
3. APPROVED = The accrual has been approved by your customer and now needs to be changed by your Customer to OPEN in order for associating/linking invoices against it. Some Customers request a status change from Approved to Open be done manually while some Customers will have their accruals go straight from Pending to OPEN.
   
   
4. OPEN = The accrual has been approved by your customer and is ready for associating invoices to it. The invoices against which accruals are issued needs to be linked to the accrual.
   
   
5. CLOSED = The accrual has been matched/linked fully with Invoices and there's no balance left in the accrual.
   
   
6. REJECTED = The accrual has been rejected by the Customer for whatever reason.

Please Note: Your Customer's admin can manually change the status of the accrual at their choice.