Want to know how to Know Payment Status on the PFMS Portal? What’s up? That’s right – we’re going to take a quick look at a few things that you can do to get the information you need. First, we’re going to look at how to go about setting your payment status on the PFMS portal. Then, we’ll look at a few tips and tricks that you can use to make it as easy as possible for your business to report its income on the PFMS. Finally, we’ll take a look at one of the more advanced features of the system.
To set your payment status on the PFMS, first, you will need to go to the “My Account” area of the system. This area will allow you to see all of your accounts, including those on the My Company or Business Portal. You will also be able to find the “PFMS Payment Status” link, which will take you to setting up payment status reporting. Here, you will choose whether you would like to have direct reporting (as in, you would enter a specific string of text into a computer program that would automatically report your payment status to the system), automatic reporting (so that when your computer receives a payment, it will report it to the system), or manual reporting (so that you will enter a certain string of text).
Next, you will be asked for a user name and password. You will want to create a user name that is unique to your business. For example, you might want to use your company name or something similar. The password you provide should be difficult to guess but easy to remember. If you have forgotten your password, you will not be able to access anything on the PFMS.
Once you have set up these details, you will be able to access your payment status reports. In particular, you will want to go through each report and check to make sure that all the information is correct. If it is not, then you should go back to the set up page and change the details as necessary. If there is an error, it can be fixed. If a change occurs, it should be noted in the report so that anyone else who has access to the system can see it and act upon it.
There are three main sections to your report, and you will want to go through each one regularly to ensure that everything is correct. The “Transactions” report shows the flow through your business of receiving and paying money. It should list when each transaction occurred, how much was paid and how much was owed, and whether it was a successful or unsuccessful transaction. The “Recurring Income” section lists any recurring income you receive, as well as the total amount that you owe at the end of the reporting period. Finally, the “iannual summary” gives you the general overview of your payment activity for the year.
It is easy to know the payment status on the PFMS portal when you use the Payflow module. Simply use the workflow option and select “Payment Status”. A message will appear listing the payment status you selected, allowing you to change it if necessary. You can also click on the “Recurring Income” section to see an estimate of your recurring income. If a successful transaction occurred, the transaction will be listed and the money will be transferred to the correct account on the PFMS portal.