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Invoice Status and Management Quiz
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Invoice Status and Management Quiz

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Questions and Answers

What is the status of an invoice when a customer pays for it through Stripe?

  • Open
  • Uncollectible
  • Draft
  • Paid (correct)
  • When can an invoice be voided?

  • When it's open or uncollectible (correct)
  • When it's paid
  • When it's draft
  • When it's closed
  • Can you delete a draft invoice at any time?

  • Yes (correct)
  • No
  • Only if it's open
  • Only if it's uncollectible
  • Study Notes

    • Draft invoices are still editable, but remain unsent.
    • When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
    • Voided invoices are treated as zero-value for reporting purposes, and aren’t payable.
    • You can only void invoices when they’re open or uncollectible.
    • Uncollectible invoices are tracked as part of your bad debt accounting process.
    • You can delete a draft invoice at any time.

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    Description

    Test your knowledge about managing and tracking the status of invoices using this quiz. It covers topics such as draft, paid, voided, uncollectible, and deletion of invoices.

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