18 Questions
The AR Payments and Adjustments program is accessed from the Accounts Payable menu.
False
In the AR Payments and Adjustments program, the customer name is mandatory in the Customer field.
True
The payment amount of $2,745.50 is applied to multiple invoices in this scenario.
False
The Withholding Tax Amount is automatically calculated by the system.
False
The payment narration field is optional in the AR Payments and Adjustments program.
False
The payment is saved but not posted to the ledger.
False
When processing a post-dated check, the invoice number must be entered in the Journal Notation field.
False
The AR Bank Deposit Slip program is used to process customer payments.
True
To process a post-dated check, the user must select the invoice before clicking the Post Dated Check button.
False
The Bank Deposit Detail is required when processing a post-dated check.
True
The AR Bank Deposit Slip program is accessed from Accounts Payable > Transaction Processing.
False
When selecting report options in the AR Bank Deposit Slip program, the default options can be accepted.
True
When recording an overpayment, the 'Unapplied payment' option is selected to allocate the payment to a specific invoice.
False
In the AR Payments and Adjustments program, the 'OP' branch field is used to record an underpayment.
False
When posting an invoice payment, the '04' bank deposit slip detail is used to record a post-dated check.
False
The 'Gross Amount' field is used to record the total amount of the invoice.
False
In the AR Payments and Adjustments program, the 'Invoice Number' field is optional when recording an invoice payment.
False
The 'Journal Notation' field is used to record the payment narration and reference number.
True
Learn how to apply a partial payment received to one invoice with Withholding Tax in SYSPRO Version 8.0. This training guide covers the essential steps and data required for the activity.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free