Payable lists four seeded payment methods. They are check, outsourced check, electronic, and wire.
Choose the correct description for wire.

• A. a paper check to print and send to a supplier
• B. an EFT, EDI, or XML to the bank of a supplier
• C. transmission of payment information to an external party, such as your bank, that prints checks on your behalf.
• D. a funds transfer initiated by contracting the bank and requesting wire payment to the bank of a supplier.

Identify four options for Quick Payments. (Choose four.)

• A. Create a check, save it, and print it later.
• B. Create and print a computer-generated payment to pay a supplier for one or more invoices.
• C. Create a quick payment, and select an invoice regardless of the due date.
• D. Select an invoice that has not been validated.
• E. Create a quick payment, and select an invoice regardless of the payment's terms.
• F. Select an invoice that has one or more holds.

Identify three statements that are true for creating withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

• A. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.
• B. The Withholding Tax Report is prepared by suppliers.
• C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
• D. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
• E. The Withholding Tax Group default in from the supplier or supplier site.

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.
Which two actions can they perform to solve the problem? (Choose two.)

• A. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
• B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
• C. Reverse the invoice distributions and rematch if possible.
• D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Identify three features that speed up data entry. (Choose three.)

• A. customized folders
• B. account distribution sets
• C. account aliases
• D. data loader
• E. scan invoices