The drilldown option available in the task pane for receipts does NOT include .

A. Create Remittance via Spreadsheet

B. Correct Funds Transfer Errors

C. Lockbox Transmission History

D. Create Receipt via Spreadsheet

The billing Specialist creates an adjustment for an INCORRECT invoice and sends it for approval through the review and Manage Transaction link in the Billing Work Area. Since the adjustment amount is above approval limit, it is routed to the Billing Manager.

What is the status of the Adjustment when the approver sees the adjustment in his Work Queue?

A. Pending Research

B. Pending Approval

C. Approval Required

D. Waiting Approval

The Billing Specialist receives information that the invoice was billed with the incorrect freight amount. What action is required?

A. Perform Credit Memos when the original invoice has billing error (such as incorrect freight amounts, line item pricing, tax amounts, and finance charges) or the entire invoice should be corrected.

B. Perform adjustments when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be corrected.

C. The freight amount must be correct; the Billing Specialist must review it again.

D. A Dispute Request can be submitted by the Billing Specialist through the Billing Work Area.

E. Perform Debit memos when the original invoice has hilling errors (such as incorrect freight amounts, line item pricing, tax amounts, or finance charges) or the entire invoice should be created.

An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice.

Explain how revenue accounting will occur.

A. Unearned revenue will be debited for $50.

B. Earned revenue will be credited for $50.

C. Unearned revenue will be credited for $100.

D. Earned revenue will be debited for $50.

Which three actions are facilitated through The Reconciliation Summary Report?

A. Drill down from any of the summarized Receivables and Accounting amounts to see the detailed activity.

B. Drill down on the difference amounts to see specific reconciling items and the potential cause of the out of balance condition.

C. Drill down to see details of what still needs to be transferred and posted to the General Ledger.

D. Drill down to see reconciliation details and make reconciling for corrections.

E. Drill down to view the data and use standard Excel functionalities like sum, find, sort, and filtering WITHOUT downloading to Excel.