Cut – Obligations for which the check file has been created but the checks not yet logged.  These obligations will be in a Cut folder under the Disbursements, Bank folder, and have not posted to the GL cash account.  If there are no obligations in this status, there will not be a Cut folder under the bank.  (Usually stage 50)
 
Logged  –  Obligations that have been paid and have posted to the GL cash account.  These obligations/checks will show in the Paid folder under the Disbursements, Bank folder.  (Usually stage 60)
 
Marked for pay – Obligations that have been marked for pay for the bank.  These obligations will be in a Mark for Payment folder under the Disbursements, Bank folder, and have not posted to the GL cash account.  If there are no obligations in this status, there will not be a Mark for Payment folder under the bank. (Usually stage 50)
 
Reconciled  –  Checks/obligations that have cleared the bank.  These will be in the Reconciled folder under the Disbursements, Bank folder.  If there are no obligations in this status, there will not be a Reconciled folder under the bank.  (Usually stage 70)
 
Unused – Check numbers that will not be used in Accounts Payable and a record needs to be kept for the auditors.  Once a check number is logged as unused, it can still be used to pay other obligations.  Unused check numbers do not show in any folders, but can be seen in reports.  (No stage number assigned)
 
Voided – Check that were paid and since voided.   These Checks will be in a Void folder under the Disbursements, Bank folder.  If there are no obligations in this status, there will not be a Void folder under the bank.  (No stage assigned)