Outstanding Invoices on Date
The outstanding invoices on date report can be used to generate a report of all invoices that were still open for payment on a specific historical date. This is useful for accounting and reconciliation purposes. If an invoice was paid or credited after the input date, the invoice will still show up as outstanding on that date since it was still unpaid at that point in time.FAQ
Does the report contain credited invoices?
If an invoice was credited before or on the input date for generating the report, then the invoice will not be included in the report. If an invoice was credited after the moment you clicked “Get Report”, then the invoice will still be treated as outstanding and included in the report.Are partially credited invoices treated as outstanding?
Yes. Currently, Firmhouse only allows you to fully credit an invoice via the “credit invoice” feature. A partial refund/credit is usually created by manually creating a negative invoice for a lower amount than the original invoice. In this case, there is no technical link between the original invoice and the partial credit invoice. Thus the original invoice will still be treated as outstanding.What payment statuses are treated as “outstanding”?
Invoices with one of the following statuses are treated as outstanding:- open
- cancelled
- pending
- expired
- failed
- charged back