This reflects whether or not you have successfully sent a pre-note for approval of the current direct deposit account (Account 1, 2, 3, or 4) for this employee. Once direct deposit is approved for the account, the Pre-Note Status field will read "Approved." You can't edit this field.
The field could also display one of the following status messages:
Pending: A pre-note has been sent and is pending approval.
Rejected: A pre-note has been sent but has been rejected by the employee's financial institution.
Not Sent: No pre-note has been sent for the current account.