Are You Ready to Master Stripe Invoicing?
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Questions and Answers

Which invoice status is terminal and cannot be changed?

  • Open
  • Paid (correct)
  • Uncollectible
  • Draft

    • What happens to invoices with an amount due less than the minimum chargeable amount?

  • They are deleted from the system.
  • They are automatically marked as voided.
  • They remain in open status indefinitely.
  • They transition from open to paid status and debit the amount from the customer's credit balance. (correct)

    • When can invoices be voided?

  • When they are open or uncollectible. (correct)
  • When they are marked as pending.
  • When they are finalized.
  • When they are paid or draft.

    • What happens to voided invoices?

    <p>They are treated as zero-value for reporting purposes and are not payable.</p> Signup and view all the answers

    Can draft invoices be edited and sent to customers?

    <p>Yes</p> Signup and view all the answers

    Which of the following is NOT a status that an invoice can take on in Stripe Invoicing?

    <p>Expired</p> Signup and view all the answers

    What is the automatic collection workflow in Stripe Invoicing?

    <p>The process of automatically charging customers shortly after generating invoices</p> Signup and view all the answers

    What is the recommended step to take before setting up Stripe Invoicing?

    <p>Create customers and products and prices</p> Signup and view all the answers

    When does Stripe notify the customer about an invoice?

    <p>Stripe does not notify the customer about the invoice</p> Signup and view all the answers

    What is the basic lifecycle for invoices in Stripe Invoicing?

    <p>Create, draft, send, attempt payment, finalize</p> Signup and view all the answers

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