Glossary
Open Balance
All unpaid visible rental ledger charges, including charges not due yet.
Definition
Open Balance is the total unpaid balance on visible Rental Ledger charges. It includes charges that are not due yet when those charges are part of the visible ledger.
Formula
Open Balance = sum of remaining amount for visible unpaid ledger charges.
Remaining amount = max(0, adjusted charge amount - paid amount).
Adjusted charge amount = original charge amount - waived amount.
How To Use It
Use Open Balance to understand the total amount still unresolved on a rental or in the Open Balance Report. Use Past Due Amount when you only need charges due today or earlier.
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Last Updated
May 2026