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?

Update the alternative vendor information to ensure the remittance information is not rejected by the bank.
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.
2.

Based on the validation settings in the Banking Export Setup page below, how do you expect the validation process to function? (Select three correct answers)

Early detection of any missing or incorrect payment information
Any validation errors are flagged immediately for payment suggestion lines
All purchase quotes must be validation before approval
All sales quotes will be validation when posted
Direct Debit payments will be validated
There'll be no validation on payment lines until final posting
3.

Match each of the validation options with the correct functionality.

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