Invoice statuses provide a quick snapshot of your invoice's journey through the payment process, helping you stay organized and informed. This article explains how to interpret each status, so you can easily track payments, manage finances, and keep your accounts up-to-date.
What are the available statuses for an invoice?
Paid: Indicates that the invoice has been fully settled, with the required amount successfully received.
Unpaid: Refers to an invoice for which no payment has been received.
Part Paid: A portion of the invoice has been paid, with an outstanding balance still due.
Payment Requested: The recipient has been sent a payment request via email. The invoice will remain marked as Unpaid until the payment is completed.
In summary, understanding invoice statuses is essential for managing your payment process effectively. By familiarizing yourself with each status—Paid, Unpaid, Part Paid, and Payment Requested—you can easily monitor payment progress, address outstanding balances, and keep your accounts accurate and up-to-date. Clear visibility into these statuses helps streamline financial tracking, ensuring you stay informed and organized throughout the payment journey.