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Questions and Answers
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 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.
