Payable or Paid

In the page "Recent Payments" there is a heading "Paid" a term which I do not consider to be appropriate and properly reflects the factual position of an accounting event. When the cheques are issued to the members and they encash these by depositng into their respective bank accounts. Accordingly their accounts get credited and a corresponding debit against boddunan's bank account follows.Thus the entire cycle is completed when boddunan comes to know of the debit from the bank statement. In the light of this I would suggest to change the term from "Paid" to "payable"to reflect the intermediate stage. What do you think?