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Questions and Answers
What is the possible status of an invoice in Stripe Invoicing?
What is the possible status of an invoice in Stripe Invoicing?
- Draft, open, and paid
- Draft, open, paid, and voided
- Draft, open, paid, voided, and uncollectible (correct)
- Open, paid, voided, and uncollectible
When can you delete an invoice in Stripe Invoicing?
When can you delete an invoice in Stripe Invoicing?
- Only when it is in open status
- Only when it is in draft status (correct)
- Only when it is in paid status
- Anytime
What happens to voided invoices in Stripe Invoicing?
What happens to voided invoices in Stripe Invoicing?
- They are deleted from the system.
- They are automatically paid
- They become open invoices again.
- They maintain a paper trail and are treated as zero-value for reporting purposes. (correct)
Can Stripe Invoicing automatically charge customers shortly after generating an invoice?
Can Stripe Invoicing automatically charge customers shortly after generating an invoice?
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Study Notes
- Stripe Invoicing has an automatic collection workflow for invoices.
- Customers and products/prices should be set up before creating invoices.
- Invoices have five possible statuses: draft, open, paid, voided, and uncollectible.
- Draft invoices are editable and unsent, while open invoices are finalized and awaiting payment.
- Paid invoices are terminal and cannot take on another status.
- Voided invoices maintain a paper trail and are treated as zero-value for reporting purposes.
- Uncollectible invoices allow tracking of bad debt accounting.
- Invoices can be deleted at any time if they are in draft status.
- Stripe can automatically charge customers shortly after generating an invoice.
- Customer email notifications can be enabled to send email receipts.
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