Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the purpose of Stripe Invoicing?
What is the purpose of Stripe Invoicing?
- To automate payment collections (correct)
- To manage customer relationships
- To track employee hours
- To create marketing campaigns
What needs to be set up before using Stripe Invoicing?
What needs to be set up before using Stripe Invoicing?
- Delivery methods
- Employee schedules
- Customers and products/prices (correct)
- Social media accounts
What are the possible statuses for invoices in Stripe Invoicing?
What are the possible statuses for invoices in Stripe Invoicing?
- Draft, open, closed, voided, uncollectible (correct)
- Active, inactive, suspended, terminated
- Pending, processing, completed, failed
- Paid, overdue, cancelled, refunded
What is the difference between draft and open invoices?
What is the difference between draft and open invoices?
Signup and view all the answers
What is the purpose of voided invoices?
What is the purpose of voided invoices?
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
- Invoices move through different statuses before being paid.
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices need to be set up before using Stripe Invoicing.
- Invoices can be managed through both the Dashboard and API.
- Invoices can have five statuses: draft, open, paid, voided, and uncollectible.
- Draft invoices are still editable and unsent.
- Open invoices are finalized and awaiting payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices maintain a paper trail and are not payable.
- Uncollectible invoices allow tracking for bad debt accounting purposes.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
