Podcast
Questions and Answers
What is the final state of an invoice when a customer pays for it?
What is the final state of an invoice when a customer pays for it?
- Paid (correct)
- Voided
- Open
- Uncollectible
What is the conceptually similar to deleting (canceling) an invoice?
What is the conceptually similar to deleting (canceling) an invoice?
- Voided (correct)
- Paid
- Open
- Uncollectible
What is possible at any time when dealing with a draft invoice?
What is possible at any time when dealing with a draft invoice?
- Editing
- Voided
- Deleting (correct)
- Uncollectible
Flashcards are hidden until you start studying
Study Notes
- 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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.