New World ERP - FM - Revenue Collections

To locate a receipt when searching by the name of the remitter, the best way is to go to Financial Management > Inquiries > Revenue Collections > Receipts and enter the name in the Received From field. This option allows for a specific search based on the remitter's name within the Revenue Collections module, making it easier to locate the desired receipt. The other options mentioned, such as running a report or going to the Payment Inquiry module, do not specifically cater to searching by the remitter's name.

All receipts must be entered into receipt batches. This means that receipts cannot be entered individually, but rather they must be grouped together in a batch for entry.

The "Received From" field should be filled with the name of the person or business submitting payment. This information is important for record-keeping purposes and helps identify who the payment is coming from.

The G/L Date determines the date that is recorded on the general ledger, indicating when the transaction occurred. On the other hand, the Payment Date indicates the date when the payment was collected from the remitter. Therefore, the correct answer is that the G/L Date drives the date recorded on the general ledger, while the Payment Date indicates when the payment was collected.

The Receipts by Payment Code Report is the correct answer because it specifically provides a detailed breakdown of receipts based on the payment code. This report allows for a comprehensive analysis of receipts by categorizing them according to the payment code, providing a clear understanding of how different payment methods contribute to the overall receipt amount. The other options, such as the Receipt Transaction Report and Receipts by G/L Distribution Report, may provide different types of information but do not focus specifically on the breakdown by payment code.

The correct answer is that more than one transaction can be collected on a receipt by utilizing the + icon to add additional transactions. This suggests that the receipt can accommodate multiple transactions, allowing for convenience and efficiency in recording and organizing purchases.

The correct path to follow for receipt entry is Financial Management > Revenue Collections > Receipts. This path allows users to access the receipt entry functionality directly within the Revenue Collections module of the Financial Management system.

To void a receipt, the only requirement is the user name and password of an authorized user. The first and last name of the person performing the void and thumbprint identity verification are not necessary for voiding a receipt.

In order to post a receipt batch in new world ERP, two requirements must be met. First, the batch must be validated, ensuring that all the data in the batch is accurate and complete. Second, the batch must be approved at the highest level, indicating that it has been reviewed and authorized for posting. These two steps ensure that the receipt batch is reliable and can be properly processed in the system.

You can see the totals for the receipt batch in two places: the Revenue Collections Batch List screen and the Summary tab from the Revenue Collection Batch screen. Both of these options provide information about the total amount collected in the batch.