Check your knowledge

• 2 min.

1. 

An accountant receives a complaint from a vendor who claims they are not receiving proper notifications about payments. What steps can the accountant take to assist the vendor?

Rebuild the remittance advice information for the vendor to include all necessary details.
Adjust the remittance settings on the vendor card to ensure notifications are sent correctly.
Set up a separate remittance advice template that can only be used for this vendor.
Update the alternative vendor information to ensure the remittance information is not rejected by the bank.
2.

If the payment falls on a bank closing day, what are the benefits of moving a payment forward? (Select two correct answers)

The payments is made on time.
Automatically extend the due date without penalty
You'll be sure to receive any applicable payment discount.
Improve cash flow by making the payment as soon as possible.
3.

Match each of the validation options with the correct functionality.

A. 
Validate Purchase Documents
B. 
Validate Sales Documents On Post
C. 
Use Dynamic Validation
Check your answers