This is the default status for any transaction. It denotes a transaction that has cleared your bank.

This status should be used for transactions that you have manually entered, but hasn't yet cleared your bank. A pending transaction does not contribute to your expenses or account balances.

This status should be used to denote a transaction that you manually entered, and has been matched with your bank statement. This is typically only useful if you want to verify all your transactions are being correctly synced or uploaded.