Podcast
Questions and Answers
What happens to an invoice when a customer pays for it?
What happens to an invoice when a customer pays for it?
What is the difference between voiding an invoice and deleting an invoice?
What is the difference between voiding an invoice and deleting an invoice?
When can you write off an invoice as unlikely to be paid?
When can you write off an invoice as unlikely to be paid?
Study Notes
- Invoices move through different statuses, from draft to paid.
- You can finalize an invoice, or delete it.
- Pending invoices are draft invoices that are still editable.
- When a customer pays for an invoice, the invoice moves into the paid status.
- Voided invoices are conceptually similar to deleting (canceling) an invoice.
- After you void an invoice, the Hosted Invoice Page is still accessible.
- You can only void invoices when they're open or uncollectible.
- Uncollectible invoices are invoices that are unlikely to be paid.
- You can write off an invoice as unlikely to be paid, and update the invoice's status to be uncollectible.
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Description
Test your knowledge of invoice statuses and actions with this quiz. From draft to paid, understand the different stages an invoice can go through, and how to manage them.
