3 Questions
What is the status of an invoice when it is sent to the customer?
Open
What happens when an invoice is voided?
It is kept in a paper trail
What is the status of an invoice when it is still editable?
Draft
Study Notes
- Invoices move through different statuses from the time they’re created to when they’re paid.
- Draft invoices are still editable, but remain unsent.
- Pending invoices are marked when their associated payment intent is in the pending state.
- Open invoices are the invoices that have been finalized, and are awaiting customer payment.
- Paid invoices are marked when a customer pays for an invoice through Stripe.
- Voided invoices are conceptually similar to deleting (canceling) them. However, voiding an invoice maintains a paper trail, which allows you to look up the invoice by number.
- Uncollectible invoices are marked when the customer is unlikely to be able to pay the outstanding invoice balance.
- Draft invoices can be deleted at any time.
- Summarize the key facts from the text above in 10 sentences.
Test your knowledge about the different statuses that invoices can have, from draft to paid, and learn about the actions and implications associated with each status.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
