Podcast
Questions and Answers
What is the purpose of setting up customers and products/prices before invoicing in Stripe?
What is the purpose of setting up customers and products/prices before invoicing in Stripe?
Setting up customers and products/prices before invoicing is necessary as Stripe's automatic collection workflow depends on this information.
Can paid invoices be changed to any other status?
Can paid invoices be changed to any other status?
No, paid invoices are terminal and cannot change status.
What happens when an invoice is voided in Stripe?
What happens when an invoice is voided in Stripe?
Voiding an invoice maintains a paper trail and makes it zero-value for reporting purposes.
When are draft invoices editable and unsent?
When are draft invoices editable and unsent?
What is the purpose of uncollectible invoices in Stripe?
What is the purpose of uncollectible invoices in Stripe?
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Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices should be set up before invoicing.
- Invoices go through a lifecycle of draft, open, paid, voided, or uncollectible.
- Draft invoices are editable and unsent, while open invoices are finalized and awaiting payment.
- Paid invoices are terminal and cannot change status.
- Voiding an invoice maintains a paper trail and makes it zero-value for reporting purposes.
- Uncollectible invoices are for when customers cannot pay and allow for tracking of bad debt.
- Draft invoices can be deleted at any time.
- Stripe can automatically charge customers for invoices.
- Customer emails can be enabled for sending email receipts.
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