Outstanding invoices

What are outstanding invoices?

An outstanding invoice is an invoice that has not yet been paid by a company’s customer or buyer. Thus, the amount stated on the invoice is still owed to the company. As long as the invoice is not paid, it remains outstanding and is usually included in the company’s accounts receivable. It is important for companies to properly manage and track their outstanding invoices to ensure that they are paid on time and do not jeopardise the company’s cash flow.