Yes, it will if your invoice template has the account activity activated.  It shows what was open, what was paid and the open running balance.

Resolution for 'activity activated issue: 'Can you program recurring invoices to include unpaid balances?' available: Yes.

The activity activated issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the activity activated issue yourself by looking for a resolution described in the article. If it is a complex activity activated issue or you are unable to solve the issue, you may contact us by clicking here or by using other activity activated support options.

For more information about resolving issues related to activity activated in Quickbooks/QBO or to get support for the issue 'Can you program recurring invoices to include unpaid balances?', click the link below: