In the balance forward system, invoices are regarded as open only during the current period, and the open invoice file is archived at the end of the period.

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In the balance forward system, invoices are only considered open during the current period, and the open invoice file is archived at the end of the period. This means that invoices are not carried forward to the next period, and the open invoice file is reset at the beginning of each period.

In the Balance Forward System, Invoices Are Regarded as Open