Create Modern Treasury payment orders and track ledger entries through the full settlement lifecycle

domain: docs.moderntreasury.com · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Create a payment order via the POST /payment_orders endpoint; specify the type (ach, wire, rtp, eft), direction (credit or debit), amount in the smallest currency unit, originating_account_id, and the receiving_account object with routing and account details
  2. Set the effective_date for ACH to the desired settlement date, accounting for NACHA cutoffs; for RTP and wire, omit effective_date as these settle the same day
  3. Monitor payment order status via webhooks (payment_order.status_changed events) or polling; statuses progress through pending_approval → approved → processing → sent → returned/cancelled
  4. When using Modern Treasury's ledger product, create a ledger transaction linked to the payment order to record the double-entry bookkeeping impact; specify ledger_account_id and direction (debit/credit) for each ledger entry
  5. Handle returned payment orders by inspecting the return_reason field; create a reversing ledger transaction to offset the original entries and trigger customer notification logic

Known gotchas

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