3 Questions
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.
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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