What status does the invoice batch process change to on the invoice bill date?

When the invoice batch process reaches the invoice bill date, it transitions the status of the invoices within that batch to "Billed." This indicates that the invoices have been finalized and are officially recognized as due for payment. The "Billed" status signifies that the billing process has been completed, and the invoices are now part of the accounts receivable cycle, where they await payment from the customer.

This change in status is critical for tracking billing and ensuring that the financial records accurately reflect the company's sales and revenue. Once an invoice is marked as "Billed," it effectively indicates to both the company and the customer that the service or product has been provided, and payment is now expected.

The other statuses like "Pending," "Paid," and "Open" signify different stages in the invoicing process. "Pending" is typically used for invoices that are not yet finalized, while "Paid" reflects invoices that have already been settled by the customer, and "Open" indicates that an invoice is still active and may be in process, but not yet completed. Thus, understanding these distinctions helps manage billing workflows efficiently.