How does “Transfers and History” work on the Payment Runs page?

Transfers is for money that has no bill: an intercompany contra, VAT or PAYE to HMRC, a loan repayment, a top-up from bank to card inside one company. Each row names both sides, their statement references and the amount; the bank file is downloaded, the batch locks, and closing it posts each row to Xero as Spend or Receive Money with a narration naming the counterpart, so both bank feeds match without a manual journal. History lists every run and batch that is paid or discarded, counts what was paid this year, and — the part that matters — says which payments made at the bank are not yet in Xero, with Post now on the run and a nightly sweep behind it. Where: Payment Runs (/accounts/payment-runs).