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Questions and Answers

What is the status of a paid invoice?

  • Open (correct)
  • Draft
  • Voided
  • Uncollectible
  • How can you mark an invoice?

  • As paid (correct)
  • As void
  • As uncollectible
  • As pending
  • Can you delete a paid invoice?

  • Yes
  • No (correct)
  • Maybe
  • Depends
  • Study Notes

    • An invoice's status can be one of draft, paid, voided, or uncollectible.
    • Draft invoices are still editable, but remain unsent.
    • Pending invoices are those that have an associated payment intent in the pending state.
    • Open invoices are those that have been finalized and await customer payment.
    • Paid invoices are those that have been paid by a customer.
    • Voided invoices are those that have been voided.
    • Uncollectible invoices are those that a customer is unlikely to be able to pay.
    • You can mark an invoice as paid, void, or uncollectible.
    • You can delete a draft invoice at any time.

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    Description

    Test your knowledge of different invoice statuses and their implications, including draft, paid, voided, and uncollectible statuses. Learn about the characteristics and actions associated with each status.

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