Reconciliation, Invoicing, and Settlement

There are four steps in the payment cycle that finance teams should understand when working with Coda: (1) transactions are processed during a particular month (the “Transaction Period”), and then (2) a sales report is generated by Coda (the “Sales Report” or “S.R.”) and sent by email to the partner, and then (3) an invoice (“the Invoice” or “Inv.”) is sent from Coda to the Partner or from the Partner to Coda, depending on the payment channel (as illustrated below), and then (4) Coda makes payment to the Partner (“Pay”).

On the next page, you will find a table illustrating this flow and when each of these steps takes place.