3 Questions
What are the five statuses that an invoice can take on?
Draft, open, paid, voided, and uncollectible.
What happens if an invoice has an amount due that is less than the minimum chargeable amount?
It automatically transitions from an open to paid status and debit the amount from the customer’s credit balance.
What is the difference between voiding an invoice and deleting it?
Voiding an invoice maintains a paper trail and allows you to look up the invoice by number, while deleting an invoice removes it completely.
Test your knowledge about invoice statuses, minimum chargeable amounts, voiding, and deleting invoices with this quiz.
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