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Your client company wants to ensure that the payments they are sending to their financial institution are valid and formattedcorrectly. They would like to identify any validation failures as early in the process as possible.
Where would you suggest the validations are set?
You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?
A Payablessupervisor wants to apply a prepayment to an invoice.
Which combination of invoice and payment currencies allow the application of a prepayment to an invoice?
There are four key reports in Cash Management.
What is the correct match for each report and its description?
Report
1. Cash to General Ledger Reconciliation Report
2. Bank Statement Report
3. Cash in Transit Report
4. Bank Statement Analysis Report
Description
1. Lists all transactions for a specific bank account, that have been remitted to the bank but have not been cleared.
2. Displays the bank statements that are used to analyze balances and transaction details.
3. Displays balance and transaction information forspecific bank statements.
4. Lists bank statement transactions that are accounted in GL but are not reconciled in Cash Management.
What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment. (Choose two.)
In the Business Intelligence Publisher (BIP) report layout properties page, when you click Extract Translation, the BIP publisher extracts the translatable strings from the BIP report template and exports them into which
format?
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialistis unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?
An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.
A Bill Payable document was paid but has not yet matured.
What is the status of the payment?
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice’s liability amount across the same balancing segments on the invoice distributions?
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: thefirst discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
What will be the resulting status of the installment and discount?
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier nameis a group that repeats on every page.
Which is the correct way to customize the template?
Which statement is true about selecting a bank account on the Create Payment page?
What are the output formats supported for Electronic and Check format programs?
TESTED 20 Apr 2024