Test Your Stripe Invoicing Knowledge

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Questions and Answers

What is the lifecycle of an invoice in Stripe?

  • Created, sent, paid, archived, or deleted
  • Draft, open, paid, voided, or uncollectible (correct)
  • Unpaid, partially paid, overdue, paid, or refunded
  • Pending, processing, declined, refunded, or disputed

Can paid invoices be edited?

  • Paid invoices can only be edited by Stripe support.
  • Yes, paid invoices can be edited
  • Paid invoices can only be partially edited
  • No, paid invoices cannot be edited (correct)

What happens to voided invoices?

  • They can be reopened and edited
  • They are archived for future reference
  • They are deleted from the system.
  • They are similar to deleted invoices but maintain a paper trail. (correct)

When can invoices be deleted in Stripe?

<p>Invoices can be deleted when in draft status. (B)</p> Signup and view all the answers

Can Stripe automatically charge customers after generating invoices?

<p>Yes, Stripe can automatically charge customers shortly after generating invoices. (A)</p> Signup and view all the answers

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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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