Podcast
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?
What is the conceptually similar status to deleted (canceled) invoices?
What is the conceptually similar status to deleted (canceled) invoices?
When can you only void invoices?
When can you only void invoices?
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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Description
Test your knowledge of invoice statuses with this quiz. Learn about the different states invoices go through and the actions that can be performed at each stage.
