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Invoice Status Quiz
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Invoice Status Quiz

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Questions and Answers

What happens to an invoice when a customer pays for it?

  • It moves to the draft status
  • It moves to the paid status (correct)
  • It is finalized
  • It is deleted
  • What is the difference between voiding an invoice and deleting an invoice?

  • Voiding an invoice is conceptually similar to deleting it (correct)
  • Voiding an invoice makes it uncollectible
  • Deleting an invoice makes it uncollectible
  • Voiding an invoice makes it inaccessible
  • When can you write off an invoice as unlikely to be paid?

  • When it is open
  • When it is paid
  • When it is uncollectible (correct)
  • When it is voided
  • 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, from draft to paid, including finalization, deletion, and voiding. Understand the different states of invoices and when they can be edited or canceled.

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