When I import my F&O contract notes I see an option to import them as open/active or settled/expired, what's the difference?

The "Active Contracts" option should be used to track MTM and unrealised profit for any derivatives contracts. To see the live prices, you will be asked to map the instrument names with the names provided by MProfit.

The "Expired Contracts" option is the easiest way to import future & option contracts in MProfit because the names are created automatically. It is advised to use this option for all your settled or expired contracts. Even active contracts which are settled should be imported using this option.