Invoice Statuses Quiz
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Questions and Answers

What is the status of an invoice when it has been finalized and awaits customer payment?

  • Draft
  • Pending
  • Open (correct)
  • Paid
  • What is the status of an invoice when it has been finalized and is no longer payable?

  • Draft
  • Pending
  • Open
  • Voided (correct)
  • What happens to a draft invoice when it is deleted?

  • It moves to the pending state
  • It moves to the open state
  • It moves to the paid state
  • It moves to the deleted state (correct)
  • 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.

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    Description

    Test your knowledge on the different statuses an invoice can have, from draft to paid, voided, uncollectible, and deleted.

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