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Are You Ready to Master Stripe Invoicing?

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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?

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

Can draft invoices be edited and sent to customers?

Yes Signup and view all the answers

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

Expired Signup and view all the answers

What is the automatic collection workflow in Stripe Invoicing?

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

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

Create customers and products and prices Signup and view all the answers

When does Stripe notify the customer about an invoice?

Stripe does not notify the customer about the invoice Signup and view all the answers

What is the basic lifecycle for invoices in Stripe Invoicing?

Create, draft, send, attempt payment, finalize Signup and view all the answers