Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the status of an invoice when a customer pays for it through Stripe?
What is the status of an invoice when a customer pays for it through Stripe?
- Open
- Uncollectible
- Draft
- Paid (correct)
When can an invoice be voided?
When can an invoice be voided?
- When it's open or uncollectible (correct)
- When it's paid
- When it's draft
- When it's closed
Can you delete a draft invoice at any time?
Can you delete a draft invoice at any time?
- Yes (correct)
- No
- Only if it's open
- Only if it's uncollectible
Flashcards are hidden until you start studying
Study Notes
- Draft invoices are still editable, but remain unsent.
- When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
- Voided invoices are treated as zero-value for reporting purposes, and aren’t payable.
- You can only void invoices when they’re open or uncollectible.
- Uncollectible invoices are tracked as part of your bad debt accounting process.
- You can delete a draft invoice at any time.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
