New World ERP - FM - Miscellaneous Billing

10 Questions | By LogosAssessments | Last updated: Mar 20, 2022 | Total Attempts: 69

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Congratulations on completing Miscellaneous Billing training! Now that you've been introduced to basics of this module, you should be able to pass with 80% or better accuracy. Good luck!

Questions and Answers

1.

What is the correct navigation to set up a new Miscellaneous Billing Customer?
- A.
  
  Financial Management > Miscellaneous Billing > Customers.
- B.
  
  Financial Management > Miscellaneous Billing > Billing Invoice Batches.
- C.
  
  Maintenance > Financial Management > Miscellaneous Billing > Adjustments.
- D.
  
  Maintenance > Financial Management > Miscellaneous Billing > Invoice Types.
2.

Which of the following can be assessed on Miscellaneous Billing Invoices?
- A.
  
  Late fees.
- B.
  
  Finance charges.
- C.
  
  Both A & B
- D.
  
  None of the above.
3.

Which of the following is NOT an attribute available to add information to a Miscellaneous Billing Customer?
- A.
  
  Recurring invoices.
- B.
  
  Contacts.
- C.
  
  History.
- D.
  
  User-defined fields.
4.

All of the following are examples of reports that are able to be run for Miscellaneous Billing, EXCEPT:
- A.
  
  Miscellaneous Billing Open Invoice Report.
- B.
  
  Miscellaneous Billing Customer Balance Report.
- C.
  
  Miscellaneous Billing Revenue Summary Report.
- D.
  
  Miscellaneous Billing Balance Sheet.
5.

What is the correct navigation to record bad debt?
- A.
  
  Financial Management > Miscellaneous Billing > Bad Debt.
- B.
  
  Financial Management > Miscellaneous Billing > Adjustments.
- C.
  
  Maintenance > Financial Management > Miscellaneous Billing > Adjustment Types.
- D.
  
  Maintenance > Financial Management > Miscellaneous Billing > Invoice Types.
6.

The total amount of an invoice is:
- A.
  
  The sum for each customer on the invoice.
- B.
  
  The sum of the amounts for each billing code on the invoice.
- C.
  
  The totals for each invoice type.
- D.
  
  Any of the Above.
7.

All of the following are ways to inquire on Miscellaneous Billing activities, EXCEPT:
- A.
  
  Customers.
- B.
  
  Invoice.
- C.
  
  Billings by Invoice Type.
- D.
  
  Vendor.
8.

Which of the following is a Miscellaneous Billing adjustment method?
- A.
  
  Reversal of a transaction.
- B.
  
  Adjustment on a paid invoice.
- C.
  
  Refunding of a customer's undesignated balance.
- D.
  
  All of the above.
9.

Miscellaneous Billing invoices are generated in which format?
- A.
  
  Microsoft Word.
- B.
  
  Microsoft Excel.
- C.
  
  Lotus Notes.
- D.
  
  HTML.
10.

Which of the following is TRUE about Miscellaneous Billing?
- A.
  
  The vendor list which used in Accounts Payable, may also be used as the Miscellaneous Billing customer list.
- B.
  
  If a customer pays their Miscellaneous Billing invoice, the receipt is taken in through Revenue Collections.
- C.
  
  Any payment code can be used with Miscellaneous Billing.
- D.
  
  None of the above are true.