Invoice Status Quiz

• An invoice moves through different statuses from draft to paid.
• You can finalize an invoice, or delete it.
• When a customer pays for an invoice, the invoice moves into the paid status.
• Voided invoices are conceptually similar to deleting (canceling) an invoice, but maintain a paper trail.
• You can only void invoices when they're open or uncollectible.
• Uncollectible invoices are when a customer won't be able to pay their outstanding bills.
• 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 actions with this quiz. Explore the different stages an invoice can go through, from draft to paid, and learn about finalizing, voiding, and deleting invoices.