5 Questions
What is the lifecycle of an invoice in Stripe?
Draft, open, paid, voided, uncollectible
Can invoices be edited while in draft status?
Yes
What happens to paid invoices?
They are terminal and cannot change status
What are uncollectible invoices for?
When customers cannot pay outstanding bills
Can Stripe send email receipts to customers?
Yes, if customer emails are enabled
Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices should be set up before creating invoices.
- Invoices go through a lifecycle: draft, open, paid, voided, uncollectible.
- Draft invoices are editable and unsent.
- Open invoices are finalized and awaiting payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices are similar to deleted invoices but maintain a paper trail.
- Uncollectible invoices are for when customers cannot pay outstanding bills.
- Invoices can be deleted while in draft status.
- Stripe can send email receipts if customer emails are enabled.
Test your knowledge of Stripe's invoicing system with this quiz! Learn about the different stages of the invoicing lifecycle, the importance of setting up customers and products/prices, and the automatic collection workflow for invoices. See if you know when invoices can be edited or deleted, and how Stripe handles voided and uncollectible invoices. Don't forget about email receipts - this quiz covers it all!
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