Glossary
What is unpaid invoice?
An unpaid invoice is any invoice that hasn't been paid in full, whether or not it's due yet.
Every overdue invoice is unpaid, but not every unpaid invoice is overdue. Sending a friendly heads up before the due date helps more invoices get paid on time.
Example
An invoice due next Friday is unpaid but not overdue. From Saturday it's both.
In Australia
Small businesses commonly report late payment as a major cash flow problem, especially in trades and construction.
General information only, not legal or financial advice.