Home Features Collection & Cash Management Receivables & Payables

Open Items

Individual receivables or payables that require settlement

Open items represent amounts of money owed to or by a business partner. They are created based on statements like invoices, credit notes, or installments. Open items start with status Open and become Balanced once fully settled through payments, offsets, or reductions.

An open item is either a receivable – an amount a customer owes the business, technically an entry of type Debit – or a payable – an amount the business owes a customer, an entry of type Credit. See Entry Types for details.