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Questions and Answers
What is the first step of an invoice's lifecycle?
What is the first step of an invoice's lifecycle?
- Paid
- Voided
- Pending
- Created (correct)
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?
- It is voided
- It is deleted
- It is marked as uncollectible
- It automatically transitions to paid status (correct)
Can you delete a draft invoice at any time?
Can you delete a draft invoice at any time?
- No
- Yes (correct)
- Only if it is pending
- Only if it is paid
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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.
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