What is the difference between closed and paid?

Hey there, CHL.

Thanks for turning to the Community for support. I'm here to lend a hand with your question about the difference between closed and paid.

As you've seen in QuickBooks Online, sometimes the term "Closed" is used, and sometimes it's "Paid." The Paid status relates to invoices, while Closed refers to the payment transactions toward the invoice (if there are multiple). Good news, they both essentially mean the same thing. It's just a matter of different transaction types.

I hope this helps clear things up. Please let me know if you have any other questions. Take care!