New World ERP - FM - A/P Invoice Payment

10 Questions | Total Attempts: 31

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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!


Questions and Answers
  • 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.

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