Open Invoices Overview

Before using the Open Invoice functions, complete the following tasks:

Set up your customers, codes, and IDs, using the Setup and Maintenance functions.
Verify your customers, codes, and IDs, using the Master Lists and Interactive View functions.
Enter all applicable transactions.
Verify and post your transactions.

Use the Open Invoices functions for the following tasks:

Use the Open Invoice Report function to see money due after you post transactions.
Use the Aged Trial Balance Report to view the invoice balances broken down into five aging periods. The detail report shows full detail for all invoices; the summary report shows only the aging period totals.
Use the Hold/Release Invoices function to put disputed invoices on hold, release held invoices, split a payment or credit into several parts, or reapply a payment or credit to an outstanding invoice.
Use the Cash Flow Report to see the amount of cash you can expect to receive within any four periods you specify.
Use the Calculate Finance Charges function to calculate finance charges on overdue invoices, to produce a report of finance charges, and to update customer records with the new finance charges.
Use the Print Statements function to produce statements that show the month's transactions, summarizing your customers' accounts.

Note: If you have a Non-Sufficient Funds (NSF) situation, follow the NSF instructions.