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What is the basic lifecycle for invoices in Stripe?

  • Draft, Open, Paid, Voided, Uncollectible
  • Open, Draft, Paid, Voided, Uncollectible
  • Draft, Open, Voided, Paid, Uncollectible
  • Open, Draft, Voided, Paid, Uncollectible (correct)

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

  • They remain in the Open status
  • They move to the Paid status (correct)
  • They move to the Voided status
  • They move to the Uncollectible status

    • What is the purpose of voiding an invoice?

  • To cancel the invoice and remove it from the system
  • To notify the customer that the invoice has been canceled
  • To maintain a paper trail of the canceled invoice for future reference (correct)
  • To mark the invoice as uncollectible

    • When can you only void an invoice?

    <p>When it's in the Open or Uncollectible status</p> Signup and view all the answers

    What happens to paid invoices in Stripe?

    <p>They remain in the Paid status</p> Signup and view all the answers

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