5 Questions
True or false: Customers, products, and prices must be set up before using Stripe Invoicing.
True
True or false: Stripe Invoicing has four invoice statuses.
False
True or false: Draft invoices in Stripe Invoicing cannot be edited.
False
True or false: Voided invoices in Stripe Invoicing are payable.
False
True or false: Uncollectible invoices in Stripe Invoicing are used for tracking bad debt.
True
Study Notes
- Stripe has an automatic collection workflow for invoices
- Customers, products, and prices should be set up before using Stripe Invoicing
- Invoices have a lifecycle that includes statuses
- There are five invoice statuses: draft, open, paid, voided, and uncollectible
- Draft invoices are editable and unsent
- Open invoices await customer payment and can be sent, marked as paid, voided, or uncollectible
- Paid invoices are terminal and cannot be changed
- Voided invoices maintain a paper trail and are not payable
- Uncollectible invoices are for when customers cannot pay and are used for tracking bad debt
- Draft invoices can be deleted at any time
"Master Stripe Invoicing: Understanding Invoice Lifecycles and Workflows" - Test your knowledge of Stripe Invoicing with this quiz! Learn about the different invoice statuses, how to set up customers, products, and prices, and the automatic collection workflow. Perfect for anyone looking to streamline their invoicing process and optimize their revenue management with Stripe.
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