Outstanding series is one of my favorite reports. Not only is it a sales tool, it is also a snapshot of the liability your business is carrying. And carrying a large balance of outstanding series can be dangerous for your business.
What is an outstanding series? Outstanding series are the services your customer has purchased but have not used yet. For example they may have purchased a massage and have not used it yet, or purchased a 10 pack of fitness classes and have only used two, meaning the other eight are outstanding.
There are some common decisions that we make that can affect how large our outstanding series is.