Guide to Statuses - Transactions, Invoices and Transfers

Introduction

When you load or create a transaction, transfer or invoice on MYREGPRO, it will be created with an associated status. The status indicates where in the process of preparation to completion it is and may also determine what actions to edit or amend you may have available to you.

The transferring of transactions between associates on MYREGPRO is common, which results in Transaction Transfer Statuses:

Transaction Statuses:

1. Pending

   • A transaction has been created. It is ready to be prepared and to be taken to be processed by the RA. 

2. Finalized

   • The transaction has been processed by the RA, received and completed. It is now ready to be invoiced.

Transfer Transaction Statuses:

• I transferred a transaction to an associate:
  1. Transferred : Pending
     • A transaction and transfer has been created. It is ready to be prepared and to be taken to be processed by the RA by my associate
  2. Transferred : Pending Requirements
     • Transfer was updated with requirements I need to complete before my associate can continue processing the work at the RA
  3. Transferred : Completed
     • Transfer and transaction has been finalized by my associate. Transaction documents and associate invoice will be attached. I need to pay my associate for their services. I need to finalize the transaction for myself and generate an invoice for the client.
• I received a transfer from an associate:

1. Transferred : Pending
   • A transaction and transfer has been created. It is ready to be prepared and to be taken to be processed by the RA by me
2. Awaiting : Update
   • I updated the transfer with requirements I need completed before I can continue processing the work at the RA
3. Transferred : Completed
   • Transfer and transaction has been finalized by me. I uploaded the transaction documents and my invoice was generated and attached. I need to be paid by my associate for my services

Invoice Statuses:

1. Due - Created

   • An Invoice was created and is due for payment in the future.
     

2. Due - Sent

   • An Invoice was created and sent using MYREGPRO and is due for payment in the future

3. Overdue - Created

   • An Invoice was created and is now past its due date.

4. Overdue - Sent

   • An invoice was created and sent using MYREGPRO and is now past its due date

5. Paid

   • Invoice has been marked as paid on MYREGPRO

MYREGPRO Invoice Statuses:

1. Due

   • An Invoice was created, sent and is due for payment in the future.
     

2. Overdue

   • An Invoice was created, sent and is now past its due date.

3. Paid

   • Invoice has been marked as paid by MYREGPRO