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Questions and Answers
What is the status of an invoice that has been paid?
What happens when an invoice is voided?
When can invoices be deleted?
Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices must be created before setting up Stripe invoicing.
- Invoices have a lifecycle with different 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.
- Voiding an invoice maintains a paper trail and makes it zero-value for reporting purposes.
- Uncollectible invoices are used for tracking bad debt.
- Invoices can be deleted while in draft status.
- Stripe can automatically charge customers shortly after generating an invoice.
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Description
Test your knowledge of Stripe invoicing with this quiz! Learn about the different invoice statuses, how to create customers and products/prices, and how to maintain a proper paper trail. See if you know when invoices can be edited, finalized, voided, or deleted, and discover how Stripe's automatic collection workflow can simplify your invoicing process. Don't miss out on this chance to boost your invoicing skills!
