Invoice Status Quiz
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Questions and Answers

What is the status of an invoice when it has been finalized and is awaiting customer payment?

  • Draft
  • Pending
  • Open (correct)
  • Paid
  • What is the status of an invoice when it is void or canceled?

  • Draft
  • Pending
  • Open
  • Voided (correct)
  • What is the action that can be taken when an invoice is still in a draft status?

  • Send it
  • Void it
  • Delete it (correct)
  • Mark it as paid
  • Study Notes

    • Invoices move through different statuses from the time they’re created to when they’re paid.
    • Draft invoices are still editable and remain unsent.
    • Pending invoices are when the associated payment intent is in the pending state.
    • Open invoices are the invoice has been finalized, and is awaiting customer payment.
    • Paid invoices are when a customer pays for an invoice through Stripe.
    • Voided invoices are when an invoice is void or canceled.
    • Uncollectible invoices are when the customer won’t be able to pay the outstanding bill.
    • Deleting draft invoices.

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    Description

    Test your knowledge of invoice statuses and their meanings, from draft to paid to voided. Understand the different stages an invoice goes through in the payment process.

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