What are Open and Closed accounts?
The presence or absence of a ’Date account closed’ determines whether and account is closed or open. The Date account closed is shown on the Payments page. When payments are entered, the date closed will be inserted automatically if the amount received matches the fee charged. Also, manually changing the status of the account, to e.g. Part payment accepted, will also insert a date closed. You can also close an account by manually entering a date into the Date closed field.