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Questions and Answers
What is the difference between a voided invoice and a deleted invoice in Stripe?
Voided invoices maintain a paper trail while deleted invoices do not.
Can invoices be edited after they have been marked as paid in Stripe?
No, paid invoices are terminal and cannot be changed.
What is the purpose of setting up customers and products/prices before creating invoices in Stripe?
Customers and products/prices need to be set up beforehand in order to create invoices accurately and efficiently.
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.
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Description
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!
