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Questions and Answers

What is the automatic collection workflow in Stripe Invoicing?

  • The process of sending email receipts to customers
  • The process of invoices moving through different statuses from creation to payment (correct)
  • The process of creating customers and products and prices for future transactions
  • The process of deleting draft invoices

What is the difference between draft invoices and open invoices?

  • Draft invoices are editable and unsent while open invoices are finalized and awaiting payment (correct)
  • Draft invoices are invoices that have an amount due that’s less than the minimum chargeable amount
  • Draft invoices are finalized and awaiting payment while open invoices are editable and unsent
  • Draft invoices are treated as zero-value for reporting purposes while open invoices are payable

What happens to invoices that have an amount due that’s less than the minimum chargeable amount?

  • They are automatically voided and treated as zero-value for reporting purposes
  • They automatically transition from open to paid status and debit the amount from the customer’s credit balance (correct)
  • They remain in the open status until the minimum chargeable amount is reached
  • They are deleted from the system

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

<p>Voiding an invoice maintains a paper trail while deleting an invoice does not (C)</p> Signup and view all the answers

When can you void an invoice in Stripe Invoicing?

<p>When the invoice is open or uncollectible (C)</p> Signup and view all the answers

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