Podcast Beta
Questions and Answers
What is the status of an invoice when it has been finalized and awaits customer payment?
What is the status of an invoice when it has been finalized and is no longer payable?
What happens to a draft invoice when it is deleted?
Study Notes
-
An invoice moves through different statuses from the time it’s created to when it’s paid.
-
Draft invoices are still editable, but remain unsent.
-
Pending invoices are those that have an associated payment intent in the pending state.
-
Open invoices are those that have been finalized and await customer payment.
-
Paid invoices are those that have been finalized and are awaiting customer payment.
-
Voided invoices are those that have been finalized and are no longer payable.
-
Uncollectible invoices are those that have been finalized and are unlikely to be paid.
-
Deleting a draft invoice moves it into the deleted state.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the different statuses an invoice can have, from draft to paid, voided, uncollectible, and deleted.
