Invoice Status Quiz

Start Quiz

Study Flashcards

3 Questions

What status is an invoice in when it is visible in the Dashboard and has an associated payment intent?

Pending

What is the difference between voiding an invoice and deleting it?

Voiding an invoice maintains a paper trail

When can you delete a draft invoice?

At any time

Study Notes

  • An invoice moves through different statuses from the time it’s created to when it’s paid.
  • Draft invoices are still editable and remain unsent.
  • Pending invoices are visible in the Dashboard, and have an associated payment intent.
  • When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
  • Voided invoices are conceptually similar to deleting (canceling) it. However, voiding an invoice maintains a paper trail, which allows you to look up the invoice by number.
  • Uncollectible invoices are sometimes created when a customer won’t be able to pay their outstanding bill.
  • You can mark an invoice as paid, void, or uncollectible.
  • You can delete a draft invoice at any time.

Test your knowledge about different statuses an invoice can have from creation to payment, including draft, pending, paid, voided, and uncollectible statuses.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser