3 Questions
What is the status of an invoice that has been finalized and awaits customer payment?
Open
What can you do to an invoice to mark it as paid, void, or uncollectible?
Mark
What is the status of an invoice that has been voided?
Voided
Study Notes
- An invoice's status can be one of draft, paid, voided, or uncollectible.
- Draft invoices are still editable, but remain unsent.
- Pending invoices are those that have an associated payment intent in the pending state.
- Open invoices are those that have been finalized and await customer payment.
- Paid invoices are those that have been paid by a customer.
- Voided invoices are those that have been voided.
- Uncollectible invoices are those that a customer is unlikely to be able to pay.
- You can mark an invoice as paid, void, or uncollectible.
- You can delete a draft invoice at any time.
Test your knowledge of invoice statuses and their functionalities with this quiz. Explore the different states of invoices and their implications for business transactions.
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