Podcast Beta
Questions and Answers
What is the status of an invoice when a customer pays for it through Stripe?
When can an invoice be voided?
Can you delete a draft invoice at any time?
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
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.