New World ERP - FM - A/P Invoice Payment
Congratulations on completing Accounts Payable Invoice Payment process training! Now that you've been introduced to basic A/P invoice payemnts, you should be able to pass this test with 80% or better accuracy. Good luck!
- 1.Where can inquiries on Payments be made?
- A.
Financial Management > Reports > Accounts Payable > Accounts Payable Invoice Report.
- B.
Financial Management > Inquiries > Bank Accounts.
- C.
Financial Management > Inquiries > Payments.
- D.
Financial Management > Payment Processing > Payment Batches.
- 2.Which path leads to the page where Payments can be voided?
- A.
Financial Management > Payment Processing > Payment Batches.
- B.
Financial Management > Accounts Payable > Invoice Payment Batches.
- C.
Financial Management > Payment Processing > Payment Reconciliation Batches.
- D.
Financial Management > Payment Processing > Void Payments.
- 3.Which statement about invoices with a hold payment reason is TRUE?
- A.
Invoices with a hold payment reason cannot be paid.
- B.
Invoices with a hold payment reason can only be paid if it has been approved by the department manager.
- C.
Invoices with a hold reason can always be paid. The hold payment reason is just for informational purposes.
- D.
None of the above.
- 4.When the “Print” button is selected on the payment batch list screen, where are the checks sent?
- A.
The checks are sent to the default local printer.
- B.
The checks are sent to MyReports.
- C.
The checks will pop up on the screen for review.
- D.
None of the above.
- 5.Which of the following statements is TRUE regarding the “Print Confirmations” command on the payment batch list screen?
- A.
This command is used to email users internally within new world ERP only.
- B.
This command is a useful tool that can be used to email vendors to inform them when their payment has been processed.
- C.
This command is used to send an emailed copy of a check to a vendor.
- D.
None of the above.
- 6.What is the proper navigation to set up a new check layout?
- A.
Maintenance > new world ERP Suite > System > Form Layout.
- B.
Maintenance > new world ERP Suite > System > Mail Merge Templates.
- C.
Maintenance > new world ERP Suite > System > new world ERP Settings.
- D.
Maintenance > new world ERP Suite > System > System Settings.
- 7.Which of the following is NOT a requirement for posting an invoice payment batch?
- A.
Validation.
- B.
Approval.
- C.
Check Register.
- D.
All are required.
- 8.What information can be retrieved from doing a payment inquiry?
- A.
Transaction Type.
- B.
Payee Name.
- C.
Payment Date.
- D.
Any of the above.
- 9.When voiding a check, which of the following is TRUE?
- A.
The invoice will be re-established.
- B.
The Invoice will be voided.
- C.
The user has the option to choose whether to re-establish the invoice, or void the invoice completely.
- D.
None of the above.
- 10.Once checks have been printed, is there another step to execute before the transaction is sent to the general ledger for posting?
- A.
Yes, once the checks are printed, the batch still has to be posted.
- B.
Yes, once the checks are printed, the batch still has to be approved.
- C.
Yes, once the checks are printed, the batch still has to be validated.
- D.
No, once the checks are printed there is nothing more to do.
Questions: 10 | Attempts: 40 | Last updated: Sep 13, 2016
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