How Well Do You Know Stripe's Invoice Lifecycle and Workflow?

• 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

Test your knowledge of Stripe's invoicing workflow with this quiz! From creating customers and products to understanding the lifecycle of an invoice, you'll learn about the different statuses and actions involved in managing invoices. See if you can identify which statements about Stripe's invoicing process are true or false.