On the Bill Payment Batch page(payment→ payment processing→ bill payment processing), the list of transactions are displayed under the Select Transactions tab, which includes the approved bills. Some times the situation may demand to get the gl impact of bill and payment have to be on hold.
Solution: If the bill generated is in approved status and check the box for payment hold it will not come in the EFT list for processing and have the GL impact too. When we uncheck the box, list of transactions are displayed on the Bill Payment Batch page under the Select Transactions tab