Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What are the different statuses that invoices in Stripe move through before being paid?
What are the different statuses that invoices in Stripe move through before being paid?
- New, in progress, finished, cancelled, and returned
- Pending, processing, completed, refunded, and cancelled
- Created, approved, shipped, returned, and restocked
- Draft, open, paid, voided, and uncollectible (correct)
What needs to be set up before invoicing in Stripe?
What needs to be set up before invoicing in Stripe?
- Shipping information
- Customers and products/prices (correct)
- Billing address
- Payment method
How can invoices be set up and interacted with in Stripe?
How can invoices be set up and interacted with in Stripe?
- Only through the API
- Through a third-party app
- Only through the Dashboard
- Both through the Dashboard and API (correct)
What can be done with open invoices in Stripe?
What can be done with open invoices in Stripe?
Signup and view all the answers
What happens to voided invoices in Stripe?
What happens to voided invoices in Stripe?
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
- Invoices in Stripe move through different statuses before being paid
- Customers and products/prices need to be set up before invoicing
- Invoices can be set up and interacted with using both the Dashboard and API
- The basic invoice lifecycle includes draft, open, paid, voided, and uncollectible statuses
- Draft invoices can be edited or deleted
- Open invoices are finalized and awaiting payment, and can be marked as paid, void, or uncollectible
- Paid invoices are terminal and cannot take on another status
- Voided invoices maintain a paper trail and are treated as zero-value for reporting purposes
- Uncollectible invoices are used to track bad debt and are not payable
- Draft invoices can be deleted at any time.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
