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Are You a Stripe Invoice Pro?

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Questions and Answers

What is the purpose of setting up customers and products/prices in Stripe?

To track bad debt

None of the above

To maintain a paper trail

To create invoices (correct)

What is the status of a draft invoice?

Editable and unsent (correct)

Terminal and cannot change status

Zero-value

Finalized and awaiting payment

What is the purpose of voided invoices?

To maintain a paper trail (correct)

To track bad debt

To create invoices

None of the above

Can paid invoices change status?

<p>No (C)</p> Signup and view all the answers

What is the purpose of uncollectible invoices?

<p>To track bad debt (C)</p> Signup and view all the answers

Study Notes

Stripe has an automatic collection workflow for invoices
Customers and products/prices need to be set up first
Invoices have a lifecycle with different statuses
There are five invoice statuses: draft, open, paid, voided, and uncollectible
Draft invoices are editable and unsent
Open invoices are finalized and awaiting payment
Paid invoices are terminal and cannot change status
Voided invoices maintain a paper trail but are zero-value
Uncollectible invoices are for tracking bad debt
Draft invoices can be deleted at any time

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Description

Test your knowledge of Stripe's invoice lifecycle with this quiz! From setting up customers and products/prices, to understanding the different invoice statuses, this quiz covers it all. Can you identify the five invoice statuses and explain what each one means? Do you know when invoices can be edited or deleted? Put your Stripe invoice knowledge to the test and take this quiz today!