Master the Basics of Stripe Invoicing

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PrincipledWaterfall
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20 Questions

Voiding an invoice is the same as deleting or canceling it.

False

Voided invoices are considered as zero-value for reporting purposes.

True

After an invoice is voided, its status can still change.

False

Uncollectible invoices are invoices that customers are unable to pay.

True

Updating the status of an invoice to uncollectible allows you to track the amount owed for reporting purposes.

True

True or false: Invoices in Stripe can have one of five statuses.

True

True or false: You can delete a draft invoice in Stripe, unless it's associated with a subscription.

True

True or false: Once an invoice is finalized and awaiting customer payment, it can be cancelled by changing its status to void.

True

True or false: Invoices that have been paid have a terminal status and cannot be changed.

True

True or false: In the Stripe Dashboard, invoices in open status can display a badge indicating if they are past due or retrying.

True

Verdadero o falso: Anular una factura es lo mismo que eliminarla o cancelarla.

False

Verdadero o falso: Las facturas anuladas se consideran de valor cero para fines de informes.

False

Verdadero o falso: Las facturas incobrables son facturas que los clientes no pueden pagar.

False

Verdadero o falso: Actualizar el estado de una factura a incobrable te permite realizar un seguimiento del monto adeudado con fines de informes.

False

Verdadero o falso: Una vez que una factura está finalizada y esperando el pago del cliente, se puede cancelar cambiando su estado a anulada.

False

Verdadero o falso: Las facturas en Stripe pueden tener uno de los cinco estados.

False

Verdadero o falso: Una vez que una factura está finalizada y esperando el pago del cliente, se puede cancelar cambiando su estado a anulada.

False

Verdadero o falso: Las facturas anuladas se consideran de valor cero para fines de informes.

False

Verdadero o falso: Puedes eliminar una factura borrador en Stripe, a menos que esté asociada con una suscripción.

False

Verdadero o falso: Al actualizar el estado de una factura a incobrable, puedes rastrear la cantidad adeudada para fines de informes.

False

Study Notes

Invoice Management

  • Voiding an invoice is equivalent to deleting or canceling it, and it is considered as zero-value for reporting purposes.
  • A voided invoice's status can still change after it has been voided.
  • Uncollectible invoices are invoices that customers are unable to pay, and updating their status to uncollectible allows tracking of the amount owed for reporting purposes.

Invoice Status

  • Invoices in Stripe can have one of five statuses.
  • Invoices can be deleted, unless they are associated with a subscription.
  • Once an invoice is finalized and awaiting customer payment, it cannot be cancelled by changing its status to void.
  • Invoices that have been paid have a terminal status and cannot be changed.

Invoice Tracking

  • In the Stripe Dashboard, invoices in open status can display a badge indicating if they are past due or retrying.
  • Updating the status of an invoice to uncollectible allows tracking of the amount owed for reporting purposes.

Test your knowledge on Stripe Invoicing basics with this quiz! Learn about the automatic collection workflow, invoice statuses, and how to set up and interact with Stripe Invoicing using both the Dashboard and API. Perfect for anyone looking to enhance their understanding of Stripe Invoicing.

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