Invoice Lifecycle
- Draft - the invoice is being prepared and has not yet been finalized.
- Approved - the invoice has been finalized internally (revenue recorded) but may not yet have been emailed to the customer.
- Sent - the invoice has been emailed (or marked as sent) to the customer.
- Paid / Partially Paid - payment has been recorded against the invoice, in full or in part.
- Overdue - the invoice's due date has passed without full payment.
Steps
In practice, most sales follow this path:
- Create or select a customer.
- Create an invoice (Draft).
- Finalize it with Approve or Save & Send.
- Track its status (Approved/Sent/Paid/Partially Paid/Overdue) from the Invoices list.
- Record payment as it's received.
Related Articles
- How to Navigate the Sales Module
- How Revenue Flows from Invoices to Reports
- How to Track Invoice Status
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