Podcast
Questions and Answers
What is an invoice's lifecycle?
What is an invoice's lifecycle?
An invoice's lifecycle includes creating, pending, paid, voided, and uncollectible.
How does a pending invoice transition to a paid status?
How does a pending invoice transition to a paid status?
A pending invoice automatically transitions to a paid status when its associated payment intent is in the pending state.
What is the difference between voiding an invoice and deleting (canceling) an invoice?
What is the difference between voiding an invoice and deleting (canceling) an invoice?
Voided invoices are conceptually similar to deleted (canceled) invoices, but maintain a paper trail.
Study Notes
- An invoice's lifecycle looks like this: it's created, pending, paid, voided, or uncollectible.
- Draft invoices are still editable and remain unsent.
- Pending invoices automatically transition to paid status when their associated payment intent is in the pending state.
- Voided invoices are conceptually similar to deleted (canceled) invoices, but maintain a paper trail.
- Uncollectible invoices are marked as uncollectible and can't be paid.
- You can delete a draft invoice at any time.
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Description
Test your knowledge of the stages in an invoice's lifecycle, from creation to voiding and marking as uncollectible. Explore the characteristics and transitions of draft, pending, paid, voided, and uncollectible invoices.
