3 Questions
What happens to an invoice when a customer pays for it?
It moves to the paid status
What is the difference between voiding an invoice and deleting an invoice?
Voiding an invoice is conceptually similar to deleting it
When can you write off an invoice as unlikely to be paid?
When it is uncollectible
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.
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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