Differences

This shows you the differences between two versions of the page.

--- cats:questions:accounting:closedyearbalances [2018/07/12 15:35] – amanda
+++ cats:questions:accounting:closedyearbalances [2018/07/12 16:17] (current) – amanda
@@ Line 3: / Line 3: @@
 After closing the fiscal year in CATS, you may have invoices with balances that are fully or partially open. CATS deals with these balances in two ways.
-  - **Partial Balances:** For partial balances, CATS takes the remaining balance at the end of the year, and displays that balance as the amount of the invoice as of the first day of the new year.
+  - **Partial Balances:** For partial balances, CATS takes the remaining balance at the end of the year, and displays that balance as the Opening Balance and Current Balance of the invoice. The Amount will be the same as the original invoice amount.
+  - **Full Balances:** For full balances, the invoice will show the Opening Balance and Current Balance to be the same as the Amount. This is how fully open invoices are always treated in CATS.