The Payment Applied to Invoices (FIFO) Report shows the payments made for the invoices on a First-in-First-out basis. This means the invoices made first are to be settled first based on the amount paid.

Invoice  Amount- It shows the amount charged.

Running Sum- It is the total of the invoices charged.

Total Credit Paid- It is the sum of the total amount paid to date plus any other credit amount.

Current Balance- It is the current family balance.