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Questions and Answers
What is the status of an invoice when it is still editable?
What is the status of an invoice when it is still editable?
- Open
- Paid
- Voided
- Draft (correct)
What is the conceptually similar status to deleted (canceled) invoices?
What is the conceptually similar status to deleted (canceled) invoices?
- Open
- Paid
- Voided (correct)
- Uncollectible
When can you only void invoices?
When can you only void invoices?
- When they're open (correct)
- When they're paid
- When they're uncollectible
- When they're draft
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Study Notes
- An invoice goes through five statuses: draft, open, paid, voided, and uncollectible.
- Draft invoices are still editable, but remain unsent.
- Pending invoices are automatically charged when their associated payment intent is in the pending state.
- You can send invoices, mark them as paid or void, and attempt payment.
- Voided invoices are conceptually similar to deleted (canceled) invoices, but maintain a paper trail.
- Uncollectible invoices are treated as zero-value for reporting purposes.
- You can only void invoices when they're open or uncollectible.
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