What are the different types of invoices available in Frisbii Billing and Pay?

Frisbii Billing and Pay offers two main types of invoices to cater to various billing scenarios. Understanding these invoice types can help businesses manage their billing processes more effectively.

Subscription Invoices

Subscription invoices are essential for managing recurring payments, ensuring accurate and timely billing for services. They maintain transaction records and provide billing transparency.
Features like automated reminders can enhance user experience by informing customers of upcoming payments, improving satisfaction and reducing late payments.
Invoices can be customized with service descriptions, payment terms, and applicable taxes, helping customers understand charges and resolve billing disputes. Effective management of these invoices is crucial for businesses and customers.

One-Time or Charge Invoices

One-time invoices are generated for unique transactions that do not fall under a subscription model. These invoices are typically used for:

Ad-hoc services or products sold to customers.
Special events or projects that require separate billing.
Custom pricing arrangements that do not fit into standard subscription plans.

Subscription invoice states

CREATED - Placeholder state. Subscription invoices use this state for pending subscriptions not activated yet. This is accounting wise not an invoice yet, but a DRAFT.
PENDING - A pending invoice is awaiting processing, or in processing and failing but within grace period.
DUNNING - Invoice has entered a dunning state because payment fails, either because of failing payment method or no payment method, and grace period has expired.
FAILED - Dunning for subscription invoice has failed.
CANCELLED - An non-paid invoice can be cancelled
SETTLED - Invoice has been paid. Refunds can be made on a settled invoice.

How does the status of a Subscription invoice change?

Source	Target	Cause
-	CREATED	Pending subscription created with created invoice to be paid at activation.
-	PENDING	Invoice created automatically when subscriptions renews Invoice created when active subscription is created if billing period starts immediately Invoice created on-demand
CREATED	PENDING	Pending subscription activated
CANCELLED	PENDING	Cancelled invoice re-activated through Admin or API
FAILED	PENDING	Failed invoice re-activated through Admin or API
PENDING	DUNNING	Pending invoice entering dunning because of no payment method or failing payment method
PENDING	FAILED	No dunning configured and payment method failing Force fail operation used in Admin or through API
DUNNING	FAILED	Dunning process not successful Force fail operation used in Admin or through API
PENDING	SETTLED	Invoice is successfully automatically paid by subscription engine Settle operation invokes in Admin or through API
DUNNING	SETTLED	Invoice is successfully automatically paid by subscription engine Settle operation invokes in Admin or through API
SETTLED	SETTLED	Refund performed on settled invoice
PENDING	CANCELLED	Cancel operation used in Admin or through API
DUNNING	CANCELLED	Cancel operation used in Admin or through API
FAILED	CANCELLED	Cancel operation used in Admin or through API

One Time or Charge Invoice states

CREATED - A charge invoice has been prepared in a created state for payment in Checkout. A created charge invoice is created when a charge session is created, if the session is not for an existing charge.
PENDING - A Merchant Initiated Transaction (MIT) payment is made for an asynchronous payment type like MobilePay Subscriptions. The result of the payment is not known instantly. Result can be delivered by web-hook, or polling can be used.
AUTHORIZED - A payment without instant settle was successful. Money has been reserved for potential later settlement.
FAILED - A payment has failed. Re-attempts can be made on the failed charge invoice.
CANCELLED - An non-paid invoice can be cancelled
SETTLED - Charge invoice has been settled. Refunds can be performed on a settled charge.

How does the status of a Charge or One Time invoice change?

MIT - Merchant Initiated Transaction - Merchant i.e You
CIT - Customer Initiated Transaction - Customer i.e Your Customer

Source	Target	Cause
-	CREATED	Invoice prepared when creating a charge session.
-	PENDNG	MIT creates a charge for an asynchronous payment method where the result of charge is not known instantly.
-	AUTHORIZED	MIT creates charge without instant settle
CREATED	AUTHORIZED	CIT payment of charge in Checkout without instant settle
PENDING	AUTHORIZED	Asynchronous payment of charge without instant settle
-	FAILED	MIT create charge with failed payment
CREATED	FAILED	CIT payment of charge failed
PENDING	FAILED	Asynchronous payment without instant settle failed
AUTHORIZED	FAILED	Settle of authorization with hard decline where settle can never succeed.
FAILED	FAILED	Failed CIT or MIT payment re-attempt
-	SETTLED	MIT create charge with instant settle
CREATED	SETTLED	CIT payment of charge in Checkout with instant settle
PENDING	SETTLED	Asynchronous payment of charge with instant settle
AUTHORIZED	SETTLED	Settle of authorized charge
SETTLED	SETTLED	Refund on settled invoice
CREATED	CANCELLED	Cancellation of a created charge
AUTHORIZED	CANCELLED	Cancellation of an authorized charge. Release of reserved funds will be attempted.
FAILED	CANCELLED	Cancellation of a failed charge