Payment Request
Payment Request: asks for a vendor payment to be approved before it is made, naming the invoices, the withholding and the payment method; the Payment is then raised from it.
Payment
Payment: pays vendors (and the other payees a journal allows) against their invoices, as an advance, as a prepayment on a purchase order, or as a payment of tax withheld, with withholding tax, fees and adjustments.
Payment Released
Payment Released: records which payment lines (cheques) have been handed over to the payee, when and to whom.
Vendor Settlement
Vendor Settlement: nets a vendor's open invoices against its open debit notes and advances, without any money moving.