Test Your Stripe Invoicing Basics
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Questions and Answers

What is the first step in setting up Stripe Invoicing?

  • Delete draft invoices
  • Create customers and products and prices (correct)
  • Finalize invoices
  • Set up the automatic collection workflow

What happens if an invoice has an amount due that is less than the minimum chargeable amount?

  • It is deleted
  • It is marked as uncollectible
  • It automatically transitions from an open to paid status and debits the amount from the customer's credit balance (correct)
  • It remains in the open status until the minimum chargeable amount is met

What is the difference between voiding an invoice and deleting an invoice?

  • Voiding an invoice allows for future editing, while deleting an invoice does not
  • Voiding an invoice maintains a paper trail, while deleting an invoice does not (correct)
  • Voiding an invoice is irreversible, while deleting an invoice can be undone
  • Voiding an invoice cancels the invoice, while deleting an invoice removes it completely

When can you void an invoice?

<p>When it's open or uncollectible (A)</p> Signup and view all the answers

What is the final status of a paid invoice?

<p>Paid (A)</p> Signup and view all the answers
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