Invoicing and Payment Status Quiz
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What happens to an invoice when a customer pays for it through Stripe?

  • It moves into the paid status. (correct)
  • It is voided
  • It is deleted
  • It is updated to be uncollectible
  • What is the status of a voided invoice?

  • Open
  • Paid
  • Uncollectible
  • Zero-value (correct)
  • When can you delete a draft invoice?

  • When it is open or uncollectible
  • When it is paid or uncollectible
  • When it is open or paid
  • At any time (correct)
  • Study Notes

    • Draft invoices are still editable and remain unsent.
    • When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
    • Voided invoices are treated as zero-value for reporting purposes, and aren’t payable.
    • You can only void invoices when they’re open or uncollectible.
    • Uncollectible invoices are sometimes your customers won’t be able to pay their outstanding bills.
    • You can update the status of an invoice to be uncollectible.
    • To delete a draft invoice, you can do so at any time.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge on invoicing processes, payment status, and invoice management with this quiz. Explore various scenarios related to drafts, paid, voided, and uncollectible invoices.

    More Like This

    Stripe Invoicing
    5 questions

    Stripe Invoicing

    PalatialNirvana avatar
    PalatialNirvana
    Stripe Invoicing Basics Quiz
    3 questions

    Stripe Invoicing Basics Quiz

    MagnanimousSunstone avatar
    MagnanimousSunstone
    Mastering Stripe Invoicing
    3 questions
    Use Quizgecko on...
    Browser
    Browser