Invoice Status Quiz
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Questions and Answers

What is the status of an invoice when it is no longer editable?

  • Draft
  • Paid
  • Open (correct)
  • Pending
  • What is the status of an invoice when it is associated with a finalized invoice?

  • Draft
  • Voided
  • Uncollectible
  • Open (correct)
  • When a customer pays for an invoice through Stripe, what is the invoice status?

  • Uncollectible
  • Pending
  • Draft
  • Paid (correct)
  • 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.

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