Quiz Detail

Q1 . 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.

Q2 . What information can be retrieved from doing a payment inquiry?

A Transaction Type.

B Payee Name.

C Payment Date.

D Any of the above.

Q3 . 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.

Q4 . 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.

Q5 . 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.

Q6 . 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.

Q7 . 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.

Q8 . 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.

Q9 . 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.

Q10 . 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.

New World ERP - Fm - A/P Invoice Payment

Q1 . Which of the following is NOT a requirement for posting an invoice payment batch?

Q2 . What information can be retrieved from doing a payment inquiry?

Q3 . When voiding a check, which of the following is TRUE?

Q4 . Where can inquiries on Payments be made?

Q5 . Which path leads to the page where Payments can be voided?

Q6 . What is the proper navigation to set up a new check layout?

Q7 . Once checks have been printed, is there another step to execute before the transaction is sent to the general ledger for posting?

Q8 . Which statement about invoices with a hold payment reason is TRUE?

Q9 . Which of the following statements is TRUE regarding the "Print Confirmations" command on the payment batch list screen?

Q10 . When the "Print" button is selected on the payment batch list screen, where are the checks sent?