Invoice Statuses and Actions Quiz
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Questions and Answers

What can you do to an invoice when it is in the Draft status?

  • Void it
  • Pay it
  • Edit it (correct)
  • Delete it
  • What is the purpose of voiding an invoice?

  • To delete it
  • To keep a paper trail (correct)
  • To open it
  • To make it uncollectible
  • Which of the following is true about the Hosted Invoice Page after an invoice is voided?

  • It is no longer accessible
  • It displays a message indicating the invoice has been paid
  • It displays a message indicating the invoice has been voided (correct)
  • It is still editable
  • Study Notes

    • An invoice moves through different statuses from the time it’s created to when it’s paid.
    • Draft invoices are still editable and remain unsent.
    • Open invoices and paid invoices are terminal, meaning that they can never take on another status.
    • Voided invoices are conceptually similar to deleting (canceling) them. However, voiding an invoice maintains a paper trail, which allows you to look up the invoice by number.
    • Uncollectible invoices are sometimes your customers' outstanding bills.
    • You can only void invoices when they're open or uncollectible.
    • After you void an invoice, the Hosted Invoice Page is still accessible, and displays a message indicating that the invoice has been voided.

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    Description

    Test your knowledge of the different statuses an invoice can have and the actions that can be performed on each status, including voiding and uncollectible invoices.

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