Podcast
Questions and Answers
How should you handle an invoice that a customer is unlikely to pay?
How should you handle an invoice that a customer is unlikely to pay?
What is the status of an invoice when a customer pays for it through Stripe?
What is the status of an invoice when a customer pays for it through Stripe?
What is the first step in the basic lifecycle of an invoice?
What is the first step in the basic lifecycle of an invoice?
Study Notes
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The basic lifecycle for invoices looks like this: an invoice is created, it's pending payment intent is set to pending, and it's finalizable or deleted.
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Draft invoices are still editable and remain unsent.
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Pending invoices are automatically charged when their associated payment intent is in the pending state.
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When a customer pays for an invoice through Stripe, the invoice moves into the paid status.
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Voided invoices are conceptually similar to deleting (canceling) it. However, voiding an invoice maintains a paper trail, which allows you to look up the invoice by number.
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Uncollectible invoices are sometimes your customers won't be able to pay their outstanding bills.
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As a result, you decide to write off the invoice as unlikely to be paid. In this case, you can update the status of the invoice to be uncollectible.
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Description
Test your knowledge of the lifecycle of invoices, from creation to payment status changes and handling uncollectible invoices.
