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Questions and Answers
What is the lifecycle of invoices in Stripe?
What is the lifecycle of invoices in Stripe?
- Draft, paid, voided, uncollectible, and open
- Paid, draft, open, voided, and uncollectible
- Open, draft, paid, voided, and uncollectible
- Draft, open, paid, voided, and uncollectible (correct)
What happens to paid invoices in Stripe?
What happens to paid invoices in Stripe?
- They cannot change status (correct)
- They become editable
- They become voided
- They become uncollectible
Can invoices be deleted in Stripe?
Can invoices be deleted in Stripe?
- Yes, but only if they are in draft status (correct)
- Yes, invoices can be deleted at any time
- Yes, but only if they are in open status
- No, invoices cannot be deleted once created
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Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices need to be set up before creating invoices.
- Stripe offers both Dashboard and API for invoicing.
- Invoices go through a lifecycle of draft, open, paid, voided, and uncollectible.
- Draft invoices are editable and unsent, open invoices are awaiting payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices maintain a paper trail but are zero-value and not payable.
- Uncollectible invoices are for when customers can't pay and are used for bad debt accounting.
- Invoices can be deleted at any time if they are still in draft status.
- Stripe can automatically charge customers shortly after generating an invoice.
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