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A Contract is not complete until it is closed, and it is essential to close a Contract otherwise it stays on the Current Active list. There are various rules applied to determine whether a Contract may be closed, and the first is that it must be Invoiced.

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It must also be Payment matched, with no amount outstanding.

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There may not be any Quantity remaining for delivery.

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Cancelled quantities are usually matched by Credit Notes.

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Once we close a Contract, it will no longer be on the Current Active or Open list, but if another event should occur, for example more Goods Returns or other, then we can re-open the Contract to process it further.

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