“First Invoice Paid” shows when there is more than one invoice generated on a deal and the first one is paid, but not all invoices.

• This shows when there is more than one invoice generated (issued/approved, not draft) and the first invoice has been paid but at least one other invoice remains unpaid
• This never shows if there is only one invoice in the accounting system (excluding repeating templates and drafts)

“All Invoices Paid” shows when one or more invoices have been generated and all the invoices generated have been paid - even if just one.

• Invoice Status counts all invoices generated so far on that deal, excluding invoices not yet created from a recurring template.
• This is because a recurring invoice is viewed as a template, not an invoice - only invoices generated from the template count towards the payment status.
• If you have just a single invoice issued as part of a recurring invoice template, then the status would show as “all invoices paid” rather than “first invoice paid” since the future invoices haven't been generated yet.

Note that we also have "Number of invoices" and "Number of invoices paid" as properties that can you use should you wish to differentiate between these two states for a recurring invoice with just one generated invoice.