Invoice Status Quiz
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Questions and Answers

What is the status of invoices that have been finalized and are awaiting customer payment?

  • Draft
  • Pending
  • Open (correct)
  • Paid
  • What is the status of invoices that are unlikely to be paid?

  • Draft
  • Pending
  • Open
  • Uncollectible (correct)
  • When can you void an invoice?

  • When it's open (correct)
  • When it's pending
  • When it's paid
  • When it's uncollectible
  • Study Notes

    • Invoices move through different statuses from the time they’re created to when they’re paid.
    • Draft invoices are still editable and remain unsent.
    • Pending invoices are automatically charged when their associated payment intent is in the pending state.
    • Open invoices are the invoices that have been finalized and are awaiting customer payment.
    • Paid invoices are the invoices that have been finalized and have been paid by a customer.
    • Voided invoices are conceptually similar to deleting (canceling) them, but maintain a paper trail.
    • Uncollectible invoices are the invoices that are unlikely to be paid.
    • You can only void invoices when they're open or uncollectible.
    • After you void an invoice, the Hosted Invoice Page is still accessible, and displays a message indicating that the invoice has been voided.

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    Description

    Test your knowledge of invoice statuses with this quiz. From draft to uncollectible, learn about the different statuses and their implications for invoicing.

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