Glossary
Plain-language definitions for the numbers, filters, and QuickBooks signals inside Velryq.
The total estimated value of active opportunities that have not been recovered, dismissed, or snoozed. This is the money Velryq thinks may still be recoverable.
If three open findings are worth $800, $1,200, and $500, Recoverable open is $2,500.The unpaid balance from imported QuickBooks invoices. Paid invoices, estimates, payments, and credit memos are not included in this number.
An invoice for $10,116 with a $10,116 balance counts. A paid invoice with a $0 balance does not.The QuickBooks records Velryq imported and scanned. This can include invoices, estimates, payments, credit memos, and customers.
A first sync might scan 10,000 records. Later incremental syncs should scan only records changed since the last successful sync.QuickBooks estimates that are still active from a sales/revenue point of view. They have not been closed, rejected, or converted into a completed invoice workflow.
An open estimate can be a quote that still needs follow-up, approval, a PO, or conversion to an invoice.A QuickBooks invoice with a remaining balance. Open means the customer still owes money; it does not mean the customer has paid.
Invoice #03016546 has a $38,831 balance, so it is open until that balance reaches $0.An invoice with a remaining balance and a due date that has passed. These are usually the highest-priority follow-ups.
If today is May 23 and an invoice was due May 20 with money still owed, it is overdue.An invoice where only part of the total was paid, leaving a remaining balance that may need follow-up.
A $5,000 invoice with $3,000 paid and $2,000 remaining is a partial balance.An estimate or invoice where a purchase order appears required but no PO number was detected in imported QuickBooks fields or notes.
If a customer requires a PO before work can be invoiced, Velryq flags the missing PO so the team can request it.An estimate that is close to its expiration date and may need a follow-up before the quote goes stale.
If a quote expires in a few days, a quick customer reminder can protect the opportunity before pricing or scope changes.A QuickBooks document that reduces what a customer owes, usually because of a refund, credit, adjustment, or service issue.
A $2.20 credit memo means QuickBooks recorded a $2.20 customer credit or refund-style adjustment.A possible repeated invoice, estimate, credit, or refund pattern that should be reviewed before taking action.
Two similar open invoices for the same customer and project may indicate a duplicate billing risk.Opportunities where the next action date has arrived and the customer follow-up should happen now.
If a follow-up was scheduled for today, it appears in the Due view.The currently open opportunities created by Velryq's detection engine from QuickBooks records.
If Velryq finds two overdue invoices and six estimate follow-ups, Active findings is 8.The first QuickBooks sync imports the available history. Later incremental syncs request records changed after the last successful sync.
A first sync may take several minutes. A later sync should be much smaller unless many records changed.The amount a user confirms as actually recovered, with date and optional proof notes.
If a customer pays $955 after a reminder, marking it recovered adds $955 to recovered revenue.A finding Velryq created from an invoice, estimate, payment, or credit memo. Findings are the items in the triage queue.
An overdue invoice can become an invoice finding. A stale estimate can become an estimate finding.A finding hidden from the active queue because Velryq detected a newer or stronger finding for the same source record.
If an estimate creates multiple possible rules, Velryq keeps the best one active and suppresses duplicates.