Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What must be created before invoicing in Stripe?
What must be created before invoicing in Stripe?
- Shipping options
- Tax rates
- Payment methods
- Customers and products/prices (correct)
What is the status of open invoices in Stripe?
What is the status of open invoices in Stripe?
- Awaiting customer payment (correct)
- Paid
- Finalized
- Drafted
What happens to paid invoices in Stripe?
What happens to paid invoices in Stripe?
- They are finalized
- They are drafted
- They are terminal and cannot change status (correct)
- They are awaiting customer payment
What is the purpose of voided invoices in Stripe?
What is the purpose of voided invoices in Stripe?
Signup and view all the answers
What does Stripe have for automatic collection workflow in invoices?
What does Stripe have for automatic collection workflow in invoices?
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices must be created before invoicing.
- Invoices have a lifecycle with different statuses.
- Stripe can automatically charge the customer after generating the invoice.
- Invoices can be sent to customers via email.
- Invoices can be drafted, finalized, and deleted.
- Open invoices are awaiting customer payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices maintain a paper trail but are zero-value.
- Uncollectible invoices track bad debt for reporting purposes.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
