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Questions and Answers
Which of the following statements about Stripe's invoice lifecycle is true?
Which of the following statements about Stripe's invoice lifecycle is true?
- Uncollectible invoices are for bills that are paid in full.
- Draft invoices can be edited and sent for payment. (correct)
- Voided invoices are completely deleted from the system.
- Open invoices are terminal and cannot change status.
What is required before creating invoices in Stripe?
What is required before creating invoices in Stripe?
- Setting up a payment gateway
- Setting up a discount code
- Setting up customers and products/prices (correct)
- Setting up a billing cycle
What is the benefit of enabling customer emails in Stripe?
What is the benefit of enabling customer emails in Stripe?
- Customers receive promotional emails from Stripe
- Customers receive a physical receipt in the mail.
- Customers receive email notifications of upcoming invoices. (correct)
- Customers receive a discount on their next purchase
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Study Notes
- Stripe has an automatic collection workflow for invoices.
- Customers and products/prices need to be set up before creating invoices.
- Invoices have a lifecycle of draft, open, paid, voided, or uncollectible.
- Draft invoices are editable and unsent, while open invoices await payment.
- Paid invoices are terminal and cannot change status.
- Voided invoices are similar to deleted invoices but maintain a paper trail.
- Uncollectible invoices are for bills that cannot be paid and are written off.
- Invoices can be deleted when in draft status.
- Stripe can automatically charge customers shortly after generating invoices.
- Customer emails can be enabled to send email receipts.
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