What do the different scheduled contractor invoice statuses mean?

When it comes to scheduled contractor invoices, both the Client and Contractors see the following invoices statuses:

• Waiting for onboarding: The Contractor is still onboarding, therefore, the scheduled invoice is not created yet.
• Active: The scheduled contractor invoice has been fully set up and is ready to run as planned.
• Completed: The number of scheduled contractor invoices set has been reached.
• Inactive: When a scheduled invoice is paused. Future scheduled invoices will not be auto generated unless the admin reactivates the scheduled invoices.