Unapplied Payment
Definition
A payment received but not yet matched to a specific invoice, often because of missing references. Clearing unapplied payments promptly keeps customer balances accurate.
Related Terms in Invoicing & Sales
Partial Payment
A payment that settles only part of an invoice, leaving a balance outstanding. It is recorded against the invoice so the remaining amount due is tracked correctly.
Advance Receipt
Money received from a customer before goods or services are delivered. It is recorded as a liability until earned, and in tax systems like GST may carry tax obligations at the time of receipt.
Invoice
A document sent to a customer requesting payment for goods or services. Includes seller and buyer details, items, amounts, taxes, and payment terms. HelloBooks supports AI-powered smart invoicing with multi-channel delivery.
Proforma Invoice
A preliminary invoice sent before delivery as an estimate or quotation. Not a demand for payment — used for customs, advance payments, and price confirmation. Can be converted to a tax invoice in HelloBooks.
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