Managing Invoices and Payments

Invoices have two status fields, one for controlling its ledger posting, and one for tracking its processing status in your organization. The main status field could go from pending to ready, which causes it to be posted, and then he could be paid or written off. The processing status is an auxiliary status field that is currently used to track whether an invoice has been printed, and it can be used to store additional information such as whether the invoice has been sent, acknowledged, and etc. The processing status has no effect on ledger posting.