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Questions and Answers
What status does an invoice have when it’s awaiting customer payment?
What status does an invoice have when it’s awaiting customer payment?
- Draft
- Pending
- Paid
- Open (correct)
What is the difference between voiding and deleting an invoice?
What is the difference between voiding and deleting an invoice?
- Voiding an invoice maintains a paper trail (correct)
- Voiding an invoice doesn't maintain a paper trail
- Deleting an invoice maintains a paper trail
- Deleting an invoice doesn't maintain a paper trail
When can you delete a draft invoice?
When can you delete a draft invoice?
- When it’s pending
- When it’s paid
- When it’s open
- At any time (correct)
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Study Notes
- An invoice moves through different statuses from the time it’s created to when it’s paid.
- Draft invoices are still editable and remain unsent.
- Pending invoices are automatically charged when their associated payment intent is in the pending state.
- Open invoices are the status an invoice has when it’s awaiting customer payment.
- Paid invoices are the status an invoice has when a customer pays for it.
- Voided invoices are conceptually similar to deleting (canceling) them. However, voiding an invoice maintains a paper trail, which allows you to look up the invoice by number.
- Uncollectible invoices are the status an invoice has when a customer can’t pay the outstanding balance.
- You can mark an invoice as paid, void, or uncollectible.
- You can delete a draft invoice at any time.
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