3 Questions
What is the status of an invoice when it has been finalized and awaits customer payment?
Open
What is the status of an invoice when it has been finalized and is no longer payable?
Voided
What happens to a draft invoice when it is deleted?
It moves to the deleted state
Study Notes
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An invoice moves through different statuses from the time it’s created to when it’s paid.
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Draft invoices are still editable, but remain unsent.
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Pending invoices are those that have an associated payment intent in the pending state.
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Open invoices are those that have been finalized and await customer payment.
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Paid invoices are those that have been finalized and are awaiting customer payment.
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Voided invoices are those that have been finalized and are no longer payable.
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Uncollectible invoices are those that have been finalized and are unlikely to be paid.
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Deleting a draft invoice moves it into the deleted state.
Test your knowledge of invoice statuses with this quiz. From draft to deleted, learn about the different stages an invoice goes through before it's paid. Understand the distinctions between draft, pending, open, paid, voided, uncollectible, and deleted invoices.
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