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Questions and Answers
What are the different statuses of an invoice in Stripe Invoicing?
What are the different statuses of an invoice in Stripe Invoicing?
- Draft, closed, paid, voided, and uncollectible
- Draft, open, received, voided, and uncollectible
- Draft, open, paid, cancelled, and uncollectible
- Draft, open, paid, voided, and uncollectible (correct)
What happens to paid invoices in Stripe Invoicing?
What happens to paid invoices in Stripe Invoicing?
- They can change status
- They can be marked as voided
- They can be used for bad debt accounting purposes
- They are terminal and cannot change status (correct)
What can Stripe do with customer emails in relation to invoicing?
What can Stripe do with customer emails in relation to invoicing?
- Change the status of open invoices
- Delete draft invoices
- Set up products and prices
- Send email receipts (correct)
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Study Notes
- Stripe Invoicing has an automatic collection workflow with different invoice statuses
- Customers, products, and prices need to be set up before using Stripe Invoicing
- Invoices can be drafted, finalized, and sent to customers
- Invoices can have five statuses: draft, open, paid, voided, and uncollectible
- Open invoices can be marked as paid, void, or uncollectible
- Paid invoices are terminal and cannot change status
- Voided invoices maintain a paper trail but are not payable
- Uncollectible invoices can be used for bad debt accounting purposes
- Draft invoices can be deleted at any time
- Stripe can send email receipts if customer emails are enabled.
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