Online Access Free 1z1-506 Exam Questions

You are the Billing Manager and you are in charge of reviewing transactions and approving them. Which two tabs are available for your role in the Adjustments Overview Region on the Billing Work Area page?

• A.Pending Approval
• B.Pending Research
• C.Approved
• D.Pending My Approval
• E.Pending Approval from Others

Which option must be set up in order to adjust an invoice and enter an amount greater than the balance due?

• A.Set the Allow Overapplication on the profile options to Yes.
• B.Set the Allow Overapplication on receivables activity to Yes.
• C.You can NOT enter on amount, greater than the balance due.
• D.Set the Allow Overapplication on transaction type to Yes.

The method used to capture receipts data in mass while offline and upload the receipts at a later data is called ____________.

• A.Automatic receipts
• B.Lockbox receipts
• C.Receipts via spread sheet.
• D.Manual receipt entry

The drilldown option available in the task pane for receipts does NOT include ____________.

• A.Create Receipt via Spreadsheet
• B.Lockbox Transmission History
• C.Correct Funds Transfer Errors
• D.Create Remittance via Spreadsheet

An invoice was created with unit price error on one invoice item. What is the next step you perform form the Billing Work Area to correct this error?

• A.Click the Credit Transaction link on the task pane and create a credit memo for the transaction.
• B.Click the Manage Transaction link on the task pane and create a credit memo for the transaction.
• C.Click the Create Transaction link on the task pane and create a new transaction with the right unit price.
• D.Click the Manage Adjustments link on the task pane and create an adjustment against the transaction.