What are the two prerequisites to generate intercompany receivables and intercompany payable

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompanypayable transactions after the Generate Intercompany Allocations process is run? A. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables. B. For the Legal Jurisdiction, Legal function “Generate intercompany invoice” […]

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Which two statements are true?

A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated. Which two statements are true? A. The invoices are placed on payment hold. B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection. […]

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What is the next step before you can pay them?

You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you canpay them? A. Transfer the data to General Ledger. B. Create Accounting for the invoice in Payables. C. Validate the invoice in Payables. D. Create a payment process request in Payments. Explanation: […]

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Identify two ways the invoice imaging solution works in the Cloud.

Identify two ways the invoice imaging solution works in the Cloud. A. Customers scan the invoice on-premise and email the images. B. Customers cannot use invoice imaging in the Cloud. C. Customers scan and store the invoice images on-premise and attach them during invoice entry. D. Customers ask their suppliers to scan and email the […]

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What is the result of voiding a payment?

What is the result of voiding a payment? A. The payment is reconciled to the bank statement. B. The payment is no longer valid for payment. C. A stop payment request has been initiated to the bank. D. A bills payable payment was created but is not yet matured. Explanation: Show Answer

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How can the customer achieve this?

Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they wouldlike to use the payment terms from the supplier site.How can the customer achieve this? A. Enter the payment terms in the Manage Invoice Options page so they default onto […]

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Which three statements are correct?

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? A. Voiding the payment automatically places an invoice on hold. B. Any previous accounting and payment records for an invoice are reversed. C. Any realized gain or loss previously calculated is reversed. D. All related withholding tax […]

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