3 Questions
What is the status of invoices that have been finalized and are awaiting customer payment?
Open
What is the status of invoices that are unlikely to be paid?
Uncollectible
When can you void an invoice?
When it's open
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.
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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