Podcast
Questions and Answers
What is the status of an invoice when it is no longer editable?
What is the status of an invoice when it is no longer editable?
What is the status of an invoice when it is associated with a finalized invoice?
What is the status of an invoice when it is associated with a finalized invoice?
When a customer pays for an invoice through Stripe, what is the invoice status?
When a customer pays for an invoice through Stripe, what is the invoice status?
Study Notes
- An invoice moves through different statuses from when it’s created to when it’s paid.
- Draft invoices are still editable and remain unsent.
- Pending invoices are associated with payment intent in the pending state.
- Open invoices are associated with a finalized invoice, and can no longer be edited.
- When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
- Voided invoices are conceptually similar to deleting (canceling) an invoice, but maintain a paper trail.
- Uncollectible invoices are sometimes associated with customer bankruptcy.
- 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 and their implications, including draft, pending, open, paid, voided, and uncollectible invoices.