An Expected Payments is a reconcilable item that represents a payment you expect to occur at your vendor such as a bank or payment processor. They are often mirror data from your internal systems, and represent invoices, bills, payment instructions, or other receivables. Expected Payments can be automatically reconciled to Transactions using reconciliation rules .
Modern Treasury automatically analyzes all Expected Payment(s) to Transaction(s) routinely, and will reconcile ones that satisfy all of the conditions of a reconciliation rule. Common reconciliation parameters include the amount, date, direction, and custom_identifiers fields.
You will notice the use of ranges for both the amount and date on the expected payment. This is because sometimes you aren't quite sure about these values. For example, you may expect a $10-15 charge between Monday and Wednesday. You would specify this using the lower and upper bound fields for each. If you know the values precisely, you can simply make the bounds equal.
| Attribute | Description |
|---|---|
| id string | Unique identifier for the expected payment. |
| description string | An optional description for internal use. |
| metadata object | Additional data represented as key-value pairs. Both the key and value must be strings. See Metadata. |
| transaction_id string | The ID of the Transaction this expected payment object has been matched to. |
| transaction_line_item_id string | The ID of the Transaction Line Item this expected payment has been matched to. |
| status string | One of unreconciled, reconciled, partially_reconciled, or archived. |
| reconciliation_method string | One of manual if this expected payment was manually reconciled in the dashboard, automatic if it was automatically reconciled by Modern Treasury, or null if it is unreconciled. |
| ledger_transaction_id string | The ID of the ledger transaction linked to the expected payment. See Linking to other Modern Treasury objects. |
| reconciliation_rule_variables array | Fields used for matching reconciliation rule conditions: internal_account_id, direction, amount_lower_bound, amount_upper_bound, currency, type, date_lower_bound, date_upper_bound, counterparty_id, custom_identifiers |
| live_mode boolean | This field will be true if this object was created with a production API key or false if created with a test API key. |
{
"id": "afc256b0-dab8-4b9a-98c1-735fc23204ce",
"object": "expected_payment",
"metadata": {},
"transaction_id": null,
"transaction_line_item_id": null,
"ledger_transaction_id": null,
"status": "unreconciled",
"reconciliation_method": null,
"reconciliation_rule_variables":[
{
"type": "wire",
"amount_upper_bound": 20000,
"amount_lower_bound": 20000,
"direction": "credit",
"internal_account_id": "0f8e3719-3dfd-4613-9bbf-c0333781b59f",
"currency": "USD",
"date_upper_bound": "2024-05-15",
"date_lower_bound": "2024-05-15",
"counterparty_id": "37ba4454-dd33-4aa0-8906-0e2e4103e45c",
} ],
"live_mode": true,
"created_at": "2019-11-09T00:11:07Z",
"updated_at": "2019-11-09T00:11:07Z"
}