Invoice Lifecycle Quiz

• The lifecycle for invoices looks like this: an invoice is created, is pending, is paid, or is uncollectible.
• Draft invoices are still editable, but remain unsent.
• Open invoices are the invoice's final state, and the customer can no longer edit the invoice.
• Paid invoices are the final state for an invoice when a customer pays for it through Stripe.
• Voided invoices are conceptually similar to deleted (canceled) invoices, but maintain a paper trail.
• Uncollectible invoices are invoices that are unlikely to be paid.
• Deleting a draft invoice is possible at any time.

Test your knowledge of the stages in the lifecycle of an invoice, from creation to various final states including pending, paid, uncollectible, and voided. Understand the characteristics and actions that apply to draft, open, paid, voided, and uncollectible invoices.