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"Closed" Transaction Type Status

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edited Oct 6, 2023 5:25AM in Receivables & Collections 4 comments

Summary:

What does it mean when you setup a Transaction Type Status set to "Closed"?

Content (required):

What does it mean when you setup a Transaction Type Status set to "Closed"?

  • I setup a Transaction Type with Status set to "Closed" and disabled Open Receivables.
  • After creating an invoice using this Transaction Type manually and via spreadsheet upload, I checked "View Balance Details" but it was still showing an open balance (screenshot below).
  • I have checked this documentation, but it does little to define what the "Closed" Transaction Type Status means and its implications: What Is The Purpose Of The Transaction Type Status ? (Doc ID 2454645.1)

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