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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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Description
"Test your knowledge on Stripe Invoicing! From invoice statuses to automatic collection workflows, this quiz covers everything you need to know to effectively use Stripe's invoicing system. Learn about setting up customers and products, invoice statuses, payment processing, and customer notifications. Get ready to become a Stripe invoicing pro!"
