Invoice Statuses Quiz

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Questions and Answers

What is the status for a paid invoice?

Completed

What is the status for a voided invoice?

Canceled

What is the status for an uncollectible invoice?

Uncollectible

Study Notes

  • An invoice moves through different statuses from the time it’s created to when it’s paid.
  • Draft invoices are still editable and remain unsent.
  • Pending invoices are associated with a payment intent, which is in the pending state.
  • Open invoices are associated with a payment intent, which is in the accepted state.
  • Paid invoices are associated with a payment intent, which is in the completed state.
  • Voided invoices are conceptually similar to deleting (canceling) them.
  • Uncollectible invoices are associated with a payment intent, which is in the uncollectible state.
  • You can delete a draft invoice at any time.
  • Summarize the key facts from the text above in 10 sentences.

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