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The concepts involved are the following:
In each business environment several types of documents are associated which may include the invoices, payments document, credit document, refund document or any other document to demonstrate the status of any operation. Thus, Control Panel states such piece of artifacts as Document.
Invoice is a primary document which shows a business deal, serve as the key entity in whole accounting and billing module of Control Panel and each single invoice carry a unique invoice number which is the identification of any invoice and also there is a status of the invoice.
Each invoice is marked with some status that shows the standing of that particular invoice and the status can be one of the following:
|
Status |
Description |
|
1. Due |
Payment is yet not made for the stated invoice. |
|
2. Partially Paid |
A part of total amount is paid for the stated invoice. |
|
3. Paid |
Total amount is paid for the stated invoice. |
|
4. Cancelled |
Invoice is cancelled due to some reason. |
|
5. Deleted |
Invoice is deleted due to some reason. |
|
6. Over Due |
Payment is not made for the stated invoice and the Due date have been reached over. |
Payment is another type of the document which is generated when an invoice is paid or a business transaction is carried out against an invoice. Each payment document is uniquely identified by a document number or payment ID. Furthermore, there is some status which is plotted on each payment document.
Each payment document is marked with some status what shows the progress of the accounting/billing procedures to authenticate it. The status can be one of the following:
|
Status |
Description |
|
1. Completed |
Payment document was created, payment is received and account has been provisioned. |
|
2. Open |
The payment document was created, payment is received but the account is not yet provisioned. |
|
3. Refund |
Payment document has been refunded. |
|
4. On-Hold |
Payment document is on-hold. |
|
5. Cancelled |
Payment document has been cancelled. |
|
6. Pending |
Payment document was created and waiting to receive the payment. |
|
7. Fraud |
Payment has failed to authenticate and appeared to be fraudulent. |
Credit Document is just similar to credit statement which gives you a summary of overall credit adjustments made over a specified time or for a specific client.
Refund document is also just same as of credit statement and it shows a summary of overall debit adjustments made over a span of time or for a specific client.
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