3 Questions
What is the status of an invoice after it is finalized?
Paid
What is the status of an invoice before it is sent?
Draft
What is the status of an invoice after it is voided?
Uncollectible
Study Notes
- An invoice moves through five statuses: draft, open, paid, voided, and uncollectible.
- Draft invoices are still editable, but remain unsent.
- Pending invoices are associated with payment intent and appear in the Dashboard.
- Once an invoice is finalized, you can send it, mark it as paid, or void it.
- Uncollectible invoices are treated as zero-value for reporting purposes.
- You can only void invoices when they’re open or uncollectible.
- After you void an invoice, the Hosted Invoice Page is still accessible and displays a message indicating that the invoice has been voided.
Test your knowledge on the lifecycle of an invoice and its various statuses such as draft, open, paid, voided, and uncollectible. Learn about the actions that can be performed at each stage and their implications.
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