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Questions and Answers
What happens to an invoice when a customer pays for it through Stripe?
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?
What is the status of a voided invoice?
- Open
- Paid
- Uncollectible
- Zero-value (correct)
When can you delete a draft invoice?
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.
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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.
