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Questions and Answers
What are the different statuses that invoices go through in Stripe Invoicing?
What are the different statuses that invoices go through in Stripe Invoicing?
- Approved, rejected, pending, and cancelled
- Draft, open, paid, voided, and uncollectible (correct)
- Paid, overdue, cancelled, and pending
- Delivered, processing, returned, and refunded
What needs to be set up before using Stripe Invoicing?
What needs to be set up before using Stripe Invoicing?
- Payment methods
- Customer service support
- Shipping options
- Customers, products, and prices (correct)
Which of the following is true about draft invoices?
Which of the following is true about draft invoices?
- They are final and awaiting payment.
- They are treated as zero-value and not payable
- They are editable and unsent. (correct)
- They can be written off and tracked for reporting purposes.
What is the status of invoices that have been paid?
What is the status of invoices that have been paid?
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How can invoices be managed in Stripe Invoicing?
How can invoices be managed in Stripe Invoicing?
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Study Notes
- Invoices go through different statuses from creation to payment.
- Stripe has an automatic collection workflow for invoices.
- Customers, products, and prices need to be set up before using Stripe Invoicing.
- Invoices can be managed through the Dashboard or API.
- There are five invoice statuses: draft, open, paid, voided, and uncollectible.
- Draft invoices are editable and unsent.
- Open invoices are final and awaiting payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices are treated as zero-value and not payable.
- Uncollectible invoices can be written off and tracked for reporting purposes.
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