How Well Do You Know Stripe Invoicing?

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Questions and Answers

True or false: Customers and products can be created after setting up Stripe Invoicing.

False (B)

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Study Notes

  • Stripe has an automatic collection workflow for invoices.
  • Customers and products must be created before setting up Stripe Invoicing.
  • Invoices go through a lifecycle of draft, open, paid, voided, or uncollectible.
  • Draft invoices are editable and unsent.
  • Open invoices are finalized and awaiting payment.
  • Paid invoices are terminal and cannot change status.
  • Voided invoices maintain a paper trail and are treated as zero-value.
  • Uncollectible invoices are for bills that won't be paid.
  • Invoices can be deleted at any time during the draft stage.
  • Stripe can send email receipts to customers if enabled.

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