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Questions and Answers
What is the status of an invoice after it is paid through Stripe?
What is the status of an invoice after it is paid through Stripe?
- Open
- Voided
- Uncollectible
- Paid (correct)
When can you void an invoice?
When can you void an invoice?
- When it is open or uncollectible (correct)
- When it is paid
- When it is in draft
- When it is overdue
What happens to voided invoices for reporting purposes?
What happens to voided invoices for reporting purposes?
- They are treated as full value
- They are treated as zero-value (correct)
- They are treated as half-value
- They are treated as double-value
Study Notes
- Draft invoices are still editable and remain unsent.
- When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
- Voided invoices are treated as zero-value for reporting purposes, and aren’t payable.
- You can only void invoices when they’re open or uncollectible.
- Uncollectible invoices are sometimes your customers’ last resort.
- You can update the status of an invoice to be uncollectible if it’s unlikely to be paid.
- You can delete a draft invoice at any time.
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Description
Test your knowledge of managing and understanding different statuses of invoices, including draft, paid, voided, uncollectible, and deleted invoices.
