Payment, due dates and what happens when one is missed

The due date

The due date is the issue date plus the payment terms you set on the draft. Terms are a number of days.

A correction has no payment terms and no due date, because it is not a demand for payment.

Marking an invoice paid

Open the invoice and mark it paid. That is a manual act: Steerd has no bank connection and no payment provider watching your account, so nothing marks itself.

You can unmark it if you were too quick.

What overdue means

An invoice is shown as Overdue when it is still open and its due date is in the past. It is computed on the spot, not stored, so an invoice becomes overdue on its own the day after the due date, and stops being overdue the moment you mark it paid.

Overdue changes nothing about the document. It is a visual state so that unpaid invoices stop blending into the list.

Nobody is chased

Read this part twice, because it is the most common wrong assumption about this product:

Steerd sends no payment reminder, to you or to your client. There is no dunning, no escalation, no automatic second notice, and no email when a due date passes. The grace period on an unpaid invoice is enforced by nothing.

If chasing payment matters to you, it has to live in your own routine: check the invoice list for red, and follow up yourself. Sorting by due date and scanning for overdue rows once a week is the whole workflow.

Partial payments

An invoice is paid or it is not. There is no partial payment, no payment history, and no running balance per client. If you need that, it lives in your accounting, not here.