3 Questions
What status does an invoice have when it’s awaiting customer payment?
Open
What is the difference between voiding and deleting an invoice?
Voiding an invoice maintains a paper trail
When can you delete a draft invoice?
At any time
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.
Test your knowledge on the different statuses of invoices, from draft to paid, voided, and uncollectible. Learn when each status applies and how to manage invoices in different states.
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