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NEW QUESTION 66
Which two items are required for customer invoicing? (Choose two.)

• A. Remit-to-address
• B. Customers
• C. Customer Profile Class
• D. Lockbox

Answer: C,D

 

NEW QUESTION 67
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

• A. Supporting References
• B. Transaction References
• C. Description Rule
• D. Mapping Set

Answer: A

 

NEW QUESTION 68
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?

• A. 0-10 Days Link
• B. 0-5 Days Link
• C. 10+Days Link
• D. 20+ Days Link

Answer: A

 

NEW QUESTION 69
Which two are rules applicable to issue of refunds? (Choose two.)

• A. You can issue a credit card refund to a customer who has made a cash payment.
• B. You can refund receipts that are factored.
• C. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
• D. You can refund receipts that were either remitted or cleared.

Answer: C,D

 

NEW QUESTION 70
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

• A. Pending Research
• B. Approval Required
• C. Forwarded for Approval
• D. Pending Approval

Answer: D

 

NEW QUESTION 71
Which is NOT a valid Infotile in the Accounts Receivables Work Area?

• A. Receipt Batches
• B. Unapplied Receipts
• C. Unapplied Credits
• D. Lockbox Exceptions
• E. Unidentified Receipts

Answer: E

 

NEW QUESTION 72
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

• A. Flat Rate
• B. Compound
• C. Average
• D. Declining Balance
• E. Simple

Answer: A,B,E

 

NEW QUESTION 73
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?

• A. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
• B. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
• C. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
• D. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.

Answer: A

 

NEW QUESTION 74
When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

• A. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
• B. manually by using Chargeback Reversal activities
• C. manually by using Adjustment Reversal activities
• D. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
• E. automatically by using the Adjustment Reversal and Chargeback Reversal activities

Answer: E

Explanation:
When you reverse a receipt, if an adjustment or chargeback exists, Receivables automatically generates off-setting adjustments using the Adjustment Reversal and Chargeback Reversal activities.

 

NEW QUESTION 75
Which two statements are true regarding the Promise to Pay feature in the Collections application?

• A. You can cancel a promise made in error if it is before the promise due date.
• B. You cannot cancel a promise made in error if it is before the promise due date.
• C. Mass promise to pay amounts automatically become partial payments.
• D. Promise information is updated by scheduling the Promise Reconciliation process.

Answer: C

 

NEW QUESTION 76
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work are a. The import process, however, returns errors. Identify two reasons for the import failure.

• A. an inactive Accounting Method
• B. an inactive Journal Entry Rule Set
• C. an inactive Journal Line Type
• D. an inactive Mapping Set

Answer: D

 

NEW QUESTION 77
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?

• A. Customer Name, Customer Billing Address, Customer Bank Account
• B. Customer Number, Customer Account Number, Customer Site Number
• C. Customer Name, Customer Account Number, Customer Site Number
• D. Customer Number, Customer Billing Address, Customer Bank Account

Answer: B

 

NEW QUESTION 78
Identify two credit memo options. (Choose two.)

• A. Paid freight
• B. Invoice lines
• C. Paid amount only
• D. Tax only
• E. Advance

Answer: B,D

 

NEW QUESTION 79
The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

• A. automatic receipts creation
• B. manual receipt entry
• C. receipts creation in a spreadsheet
• D. Lockbox receipts creation

Answer: C

 

NEW QUESTION 80
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?

• A. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
• B. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
• C. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
• D. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
• E. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.

Answer: D

 

NEW QUESTION 81
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

• A. transactions have a Bill Type of Imported
• B. transactions that have the Print Option set to Do Not Print
• C. transactions that were included in a previous Balance Forward Bill
• D. transactions that have the selected payment terms

Answer: D

 

NEW QUESTION 82
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)

• A. Create Receipt Remittance Batch
• B. Manage Receipt Remittance Batches
• C. Lockbox Transmission History
• D. Create Automatic Receipts
• E. Correct Funds Transfer Errors

Answer: A,B,D

 

NEW QUESTION 83
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