Podcast
Questions and Answers
What is the first step of an invoice's lifecycle?
What is the first step of an invoice's lifecycle?
What happens to a pending invoice when its payment intent is in the pending state?
What happens to a pending invoice when its payment intent is in the pending state?
Can you delete a draft invoice at any time?
Can you delete a draft invoice at any time?
Study Notes
- An invoice's lifecycle looks like this: it's created, pending, paid, voided, or uncollectible.
- Draft invoices are still editable and remain unsent.
- Pending invoices automatically transition to paid status when their associated payment intent is in the pending state.
- Voided invoices are conceptually similar to deleted (canceled) invoices, but maintain a paper trail.
- Uncollectible invoices are marked as uncollectible and can't be paid.
- You can delete a draft invoice at any time.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of the lifecycle stages of an invoice, from creation to voiding and marking as uncollectible. Understand the transitions between pending and paid statuses and when draft invoices can be deleted.
