When a bank sends through an Inward Collection, you will receive an alert in the Alert Box.

You can click through to the transaction from the alert, or find it via elcyMBP, Import Workbench, Inward Collection List.

On the Inward Collection List, anything with a red arrow is awaiting action.

The collection can either be Accepted or Rejected.

To accept, complete the Corporate Reference and Maturity Date, then click on Accepted.  The status will change to Acceptance in Progress (which the bank does not see).

The next step is to create the payment details by selecting Payment Authorised.  

A pop up appears for payment details. 

Complete the relevant Payment Date.  When you click on Payment Authorised, one or two approvals could be required before it is sent to the bank so the status could be Awaiting Approval or Waiting Further Approval.  When the status is Payment Authorised, it is with the bank for their processing.  They will then inform you when this is Paid and may attach documents relating to the transaction at this stage.