Invoice Statuses Quiz
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Questions and Answers

What is the status of an invoice after it has been voided?

  • Open
  • Paid
  • Draft (correct)
  • Uncollectible
  • What happens to the Hosted Invoice Page after an invoice has been voided?

  • It is no longer accessible
  • It displays a message indicating the invoice is paid
  • It displays a message indicating the invoice has been voided (correct)
  • It is still editable
  • What is the best way to delete a draft invoice?

  • Send it
  • Mark it as paid
  • Void it
  • At any time (correct)
  • Study Notes

    • An invoice goes through five statuses: draft, open, paid, voided, and uncollectible.
    • Draft invoices are still editable, but remain unsent.
    • Pending invoices are marked when their payment intent is in the pending state.
    • You can send an invoice, mark it as paid, or void it.
    • After you void an invoice, the Hosted Invoice Page is still accessible, and displays a message indicating that the invoice has been voided.
    • Uncollectible invoices are marked as unlikely to be paid and tracked for bad debt accounting purposes.
    • You can delete a draft invoice at any time.

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    Description

    Test your knowledge of invoice statuses and their characteristics in this quiz. Explore the different stages an invoice goes through and how each status affects its accessibility and payment intent.

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