3 Questions
What happens to uncollectible invoices?
They are marked as zero-value
When can invoices be voided?
When they are open
What happens to the Hosted Invoice Page after an invoice is voided?
It is still accessible
Study Notes
- An invoice moves through different statuses from draft to paid.
- You can finalize an invoice, or delete it.
- The paid status is terminal, which means that paid invoices can never take on another status.
- Voided invoices are treated as zero-value for reporting purposes, and aren't payable.
- Uncollectible invoices are marked as such and can't be paid.
- You can only void invoices when they're open or uncollectible.
- After you void an invoice, the Hosted Invoice Page is still accessible, and displays a message indicating that the invoice has been voided.
Test your knowledge about the lifecycle of an invoice and its various statuses such as draft, paid, voided, and uncollectible. Understand the actions that can be taken on invoices at different statuses.
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