What is Outstanding & Overdue?

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Outstanding and overdue are often understood as the same thing but they are clinically different things entirely.  While it's true that overdue is also outstanding, but outstanding doesn't always necessarily mean it's overdue.

All outstanding invoices or bills have a due-by-date and while they are still active before this deadline, their status remains outstanding.  Overdue on the other hand simply means an invoice or bill has passed it's due-by-date, and thus have become both outstanding and overdue

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