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Questions and Answers
What happens to an invoice when a customer pays for it?
What is the difference between voiding an invoice and deleting an invoice?
When can you write off an invoice as unlikely to be paid?
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.