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| Section | Objectives |
|---|---|
| Topic 1: Customer and Account Configuration | - Customer Setup
|
| Topic 2: Processing Customer Payments | - Receipt Management
|
| Topic 3: Managing Customer Billing | - Transaction Processing
|
| Topic 4: Receivables Configuration | - System Setup
|
| Topic 5: Collections and Billing Extensions | - Advanced Receivables Functions
|
1. Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
A) Sites 1, 2, and 3 activities will be included in a single bill.
B) Sites 1 and 2 activities will be included in a single bill.
C) Sites 2 and 3 activities will be included in a single bill.
D) Sites 1 and 3 activities will be included in a single bill.
2. Which two Collection Preferences can be selected as the default transaction class for the Transaction tab? (Choose two.)
A) Guarantee
B) Charge Back
C) Credit Memo
D) Debit Memo
E) Deposit
3. Which two are Late Charge Calculation Methods?
A) Late Payments Only
B) Credit Items and Disputed Transactions
C) Adjustment
D) Overdue Invoices Only
4. What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)
A) by Source Document and time frame
B) by Quote Number and time frame
C) by Item and time frame
D) by Source Document Line andtime frame
E) by Customer and time frame
5. There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
A) Disable Send Dunning Letter in Transaction Type.
B) Disable Send Dunning Letter in Collections Preferences.
C) Disable Send Dunning Letter on the Correspondence tab.
D) Disable Send Dunning Letter on the Profile tab.
E) Disable Send Dunning Letter in Transaction Source Type.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C,D | Question # 3 Answer: A,D | Question # 4 Answer: A,C,D | Question # 5 Answer: D |
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