Invoice Status Quiz
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Questions and Answers

When a customer pays for an invoice, the invoice moves into the ______ status.

Paid

You can only void invoices when they're ______ or uncollectible.

Open

You can mark an invoice as ______, void, or uncollectible.

Paid

Study Notes

  • An invoice moves through different statuses from draft to paid.
  • You can finalize an invoice, or delete it.
  • When a customer pays for an invoice, the invoice moves into the paid status.
  • Voided invoices are conceptually similar to deleting (canceling) an invoice, but maintain a paper trail.
  • You can only void invoices when they're open or uncollectible.
  • Uncollectible invoices are when a customer won't be able to pay their outstanding bills.
  • You can mark an invoice as paid, void, or uncollectible.
  • You can delete a draft invoice at any time.

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Description

Test your knowledge of invoice statuses, from draft to paid, and actions such as finalizing, deleting, marking as void or uncollectible.

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