What's an Open Invoice File?

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    Topic
  • #160953
    OneStepAwayCPA
    Participant

    Can someone help explaining what an “open invoice file” is? Thank you

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  • #290450
    rknight21
    Participant

    i have seen this somewhere in my studies at the beginning and need less to say i dont remember the full details ( which is really one google click away) but i believe open invoices are those that keeps growing and the customer is only required to pay the minimum Eg. credit card statements…. the opposite which if my memory serves me correctly is closed invoice… each invoice shows the charges for that month only and payment in full is required or else service gets cut eg. phone bills, cable bills and just abt any pills you need to pay in full

    #290451
    killaking
    Participant

    Invoice owed that are not yet paid.

    FAR: 7/17/10 missed exam FML reschedule 8/29/10-77 EPIC!
    REG: 5/31/11-73 SMH, 8/31/11-85
    BEC: 4/15/10-72 : retake 10/3/10-80
    AUD: 11/28/10-74, 02/27/11-71 FML, 8/1/11-80
    Ethics 10/22/22-80, retake 11/28/11 - 88

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