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Questions and Answers
What is the status of a paid invoice in Stripe's invoicing lifecycle?
What is the status of a paid invoice in Stripe's invoicing lifecycle?
- Draft
- Open
- Voided
- Paid (correct)
What was the outcome of the Battle of Hastings?
What was the outcome of the Battle of Hastings?
- It was a decisive English victory.
- It ended in a draw.
- It marked the beginning of the Norman Conquest of England (correct)
- It led to a peace treaty between the Norman-French and English armies.
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Study Notes
- Stripe has an automatic collection workflow for invoices
- Customers and products/prices must be created before setting up invoicing
- Invoices have a lifecycle with statuses: draft, open, paid, voided, and 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 but are zero-value and not payable
- Uncollectible invoices are used for bad debt accounting
- Draft invoices can be deleted at any time
- Stripe can automatically charge customers shortly after generating an invoice
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