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?

Paid

When can an invoice be voided?

When it's open or uncollectible

Can you delete a draft invoice at any time?

Yes

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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