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Questions and Answers
What is the status of a paid invoice in Stripe?
What is the status of a paid invoice in Stripe?
- Open
- Draft
- Uncollectible
- Terminal (correct)
What is the purpose of creating customers and products/prices beforehand in Stripe?
What is the purpose of creating customers and products/prices beforehand in Stripe?
- To generate invoices (correct)
- To track bad debt accounting
- To maintain a paper trail of invoices
- To void invoices
What happens to a voided invoice in Stripe?
What happens to a voided invoice in Stripe?
- It is deleted from the system
- It is not payable (correct)
- It becomes uncollectible
- It remains in draft status
What is the purpose of Stripe's automatic collection workflow for invoices?
What is the purpose of Stripe's automatic collection workflow for invoices?
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Which of the following is NOT a status that an invoice can have in Stripe?
Which of the following is NOT a status that an invoice can have in Stripe?
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Study Notes
- Stripe has an automatic collection workflow for invoices
- Customers and products/prices must be created beforehand
- Invoices have a lifecycle with different statuses
- Stripe can automatically charge customers after generating an invoice
- Invoices can be sent to customers with email receipts
- Invoices can be in draft, open, paid, voided, or uncollectible status
- Draft invoices are editable, open invoices await payment, and paid invoices are terminal
- Voided invoices maintain a paper trail and are not payable
- Uncollectible invoices allow tracking for bad debt accounting
- Draft invoices can be deleted at any time.
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