Online Access Free 1z1-961 Exam Questions

Before you can configure payment approval rules, your company must define a payment approval policy.
Which three are done by the payment approval policy? (Choose three.)

• A.It defines a list of approvers who review payments and make final payment decisions.
• B.It defines when to initiate the payment approval process.
• C.It determines which payments must go through the payment approval process.
• D.It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
• E.It allows approvers to review payments and decide whether or not to approve a payment.

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment.
What are the two outcomes if you choose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

• A.Both the invoice and the credit memo are fully paid.
• B.Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
• C.Both the invoice and the credit memo are included in the Payment Process Request.
• D.Neither the invoice nor the credit memo is included in the Payment Process Request.

Which method can you use to route payment approval rules?

• A.Approval Groups
• B.Serial and FYI (For Your Information)
• C.Sequential
• D.Parallel
• E.Both Parallel and Sequential

Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)

• A.Customers ask their suppliers to scan and email the invoice.
• B.Customers scan the invoice on-premise and email the images.
• C.Customers ask suppliers to send electronic invoices.
• D.Customers scan and store the invoice images on-premise and attach them during invoice entry.
• E.Customers cannot use invoice imaging in the Cloud.

An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts:
the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

• A.The installment is not selected because the first discount date is before the Pay Through Date.
• B.The installment is selected but no discount is applied because the payment date is after the discount dates.
• C.The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• D.The installment is selected and a discount of $50 USD (the second discount) is applied.
• E.The installment is selected and a discount of $200 USD ($150 + $50) is applied.