Billing - Accounting

the rental billing & invoicing module stands out as the most important section that offers complete visibility into the lifecycle of rental invoices, helping ensure accuracy, transparency, and timely financial management to view the status of rental invoices you can follow these simple steps within the rentilium erp system login to your account log in to the rentilium erp system using valid credentials go to the accounting section from the main dashboard > click on invoice from here, users can filter rental invoices based on property billing cycle billing type (prepaid or postpaid) invoice status these invoice statuses give users clear insight into the progress and current condition of an invoice below is a detailed explanation of each invoice status to help users better understand what each term signifies invoice billing status 1 not yet due the billing cycle is active, but the scheduled time for generating the invoice has not yet arrived, as per the organization's billing rules the billing cycle is active but the scheduled time for generating the invoice has not yet arrived, as per the organisation's billing configuration 2\ due the current billing period calls for an invoice to be created, but it has not yet been generated by the system 3\ generated an invoice has been successfully created in the system, but has not yet been shared with the tenant 4\ generated & sent the invoice has been generated and delivered to the tenant via email or the tenant portal 5 cancelled an invoice that was created earlier has been canceled because of a mistake, correction, or change in the billing details 6\ overdue the invoice was sent to the tenant, but payment has not been received within the designated due period 7\ paid (partial) the tenant has made a payment however, it does not cover the full invoice amount 8 paid (full) the tenant has made a complete payment equal to the total invoice amount the invoice is fully cleared 9\ paid (over) the tenant has paid more than the billed amount, resulting in an overpayment 10 adjusted outstanding balances from prior billing cycles have been adjusted any dues have been cleared through adjustments 11 settled the account has been closed with a full and final payment no further dues or adjustments remain this classification helps property managers, accountants, and administrators monitor the billing process accurately and take necessary actions at each stage of the billing cycle