An outstanding invoice is an invoice that is yet to be paid. A thorough invoice template, automated reminders, and convenient payment methods can help minimize outstanding invoices.
What Is an Outstanding Invoice & How To Collect & Track Them
An outstanding invoice is a legal sales document sent out to a customer as evidence of goods or services waiting to be paid. It is also referred to as an unpaid invoice. Outstanding invoices contain sales information such as product description, itemized and total cost, discount (if any) and taxes, and credit terms. They are…