Templates of outstanding payment invoices that have been sent to a customer and that have not been paid and that are not yet due. Therefore, until the time the invoice is paid, it is classified as a pending payment. An outstanding balance is the amount you owe for any debt that charges interest, such as a credit card. In most cases, it refers to the amount you owe for purchases and other transactions made with your credit card.
It is also called the current balance. An outstanding balance, also known as a current balance, refers to the total unpaid amount on your credit card. This includes purchases, balance transfers, cash advances, interest charges, and fees. Your outstanding balance serves as a real-time snapshot of your credit card account.
Once you have established what a pending invoice is, the next critical term is an overdue invoice. The key is in the name. There is a payment due date on your bill. If the payment date has passed and the customer hasn't made the payment, the invoice will be delayed.
This can be problematic for a company. Then you have to go after the customer to get them to pay the bill. Whenever you have to go after a customer, it costs twice as much. Once for the overdue bill and once for the cost of staff members' time.