1Z0-1056-22 Online Practice Questions and Answers

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments. Which receipt rule should you define?

A. One per Customer per due date

B. One per Customer

C. One per site per due date

D. One per invoice

Which statement is true about Balance Forward Billing?

A. Balance Forward Bills must be enabled at each bill-to-site level.

B. Balance Forward Bills can be created for a future date.

C. Transactions included on a Balance Forward Bill can be updated.

D. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.

To meet the business needs of most organizations, "Common Set" is seeded InFusionfor all set-enabled objects with the exception of _________________.

A. AutoMatch Rule Sets

B. AutoCash Rules

C. Revenue Scheduling Rules

D. Customer Site

E. Aging Methods

When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities

B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities

C. automatically by using the Adjustment Reversal and Chargeback Reversal activities

D. manually by using Chargeback Reversal activities

E. manually by usingAdjustment Reversal activities

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

B. 1012

C. 65535

D. 1

E. 1024

What are three functions of the Create AutomaticReceipt Write-offs program? (Choose three.)

A. creating write-offs for specific currencies and customers

B. limiting write-offs by a percentage of the original receipt amount

C. scheduling periodic write-offs as receipt adjustments for small remaining balances

D. scheduling periodic write-offs as receipt adjustments for old remaining balances

E. scheduling periodic write-offs to occur in future periods

Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

A. transactions that have the Print Option set to Do Not Print

B. transactions that have the selected payment terms

C. transactions have a Bill Type of Imported

D. transactions that were included in a previous Balance Forward Bill

What information does the Collector see in the Activities List area of the Collections Dashboard?

A. customer's profile for each assigned customer

B. customer search as per the parameter specified

C. status of processing activitiesfrom the Process Monitor

D. tasks assigned to the Collector, such as follow-up calls

E. summary of aged transactions

The method that is used to capture receipts data in mass while you are offline and upload the receipts at a later date is called ______________.

A. automatic receipts creation

B. receipts creation in a spreadsheet

C. manual receipt entry

D. Lockbox receipts creation

ABC Company uses euros as the ledger currency, and it receives an invoice with three line items in Norwegiankrone. For this example, the conversion rate between the krone and the euro is 6.55957. The lines total of invoice is 7.93 euro. However, the invoice amount shows a total of 7.92 euro. The user was not able to run the accounting.

Where should you define the header-level rounding account?

A. Customer Account Level

B. Transaction Source

C. Receivable System Option

D. Customer Site Level

E. Transaction Type