Definition
Outstanding items are unpaid or partially paid invoices that remain open in the accounting system. They represent:- Open receivables: amounts clients still owe.
- Open payables: amounts the company still owes to suppliers.
Purpose
- Track what has been invoiced but not yet settled.
- Drive payment reconciliation and matching workflows.
- Provide an accurate view of a partner’s current balance.
Relationships
- Linked to partners (clients or suppliers).
- Reduced or closed when a payment is matched against them.
- Used as input for the match entries workflow.