Assessment 3

List the four steps in the payment program in order. 1. 2. 3. 4.

Name the five areas into which the payment program configuration is divided. All company codes. Paying company codes. Payment method/country. Payment method for company code. Bank selection. Client. Fiscal Year.

The ----------------------------- specify the accounts and documents that are to be included in the payment run. Parameters. Proposal. Payment Run.

The payment program needs the ----------------------------- to determine whether an open item has to be paid now or in the next payment run. Next posting date. Docment type. Payment terms.

The sequence in which the payment methods are entered in the --------------------------------- reflects their priority. Payment parameters. Paymrnt run. proposal. posting period.

All the company codes in the payment run parameters must be in the same country. True. False.

A payment method can be used only if it is entered in the account master record. True. False.

The payment proposal can be edited, deleted, and re-created as often as necessary. True. False.

The exception list is part of the payment proposal. True. False.

List the four steps that have to be taken by the dunning program to perform the automatic dunning procedure in order. 1. 2. 3. 4.

Customers without a dunning procedure in the master record are dunned using a default dunning procedure. True. False.

It is possible to dun vendors as well as customers. True. False.

The run date is always the date when a certain dunning run is supposed to be started. True. False.

The parameters specify the accounts and documents that are to be included in the dunning run. True. False.

List some reasons why overdue items might not be dunned: Account is not contained in the parameters. Items are within the grace period. Items or accounts are blocked for dunning. Items or accounts have a payment method for incoming payments but no payment block. The overdue amount is less than the minimum amount. Items can be cleared with overdue items on the credit side. None of the items exceeds the minimum days in arrears (account). The dunning data has not changed since the last dunning run and “Always dun?” is not selected.

List the main steps involved in creating the dunning proposal: Account selection. Line item dunning. Account dunning. Document Dunning.

The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document. True. False.

Every dunning procedure must have at least four dunning levels. True. False.

An account is only dunned if all the overdue items have exceeded the minimum days in arrears. True. False.

The dunning run updates the dunning data in the dunned items and accounts. True. False.

A dunning notice is only sent if the dunning data has changed since the last dunning run or if “Always dun?” is selected. True. False.

After the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run. True. False.

The dunning proposal can be edited, deleted, and recreated as often as required. True. False.

One dunning form can be used for all dunning levels. True. False.

The dunning text for dunning level 3 is stored in text module 513. True. False.

The last dunning level is equal to the legal dunning procedure. True. False.

Name the three documents used in the payment process: Vendor invoice. Payment document. Dunning Notice/Form. Checks.

Name two ways of creating a check. Can you name the check printing program?. Manual check. Automatic payment program: RFFOUS_C or RFFOD_S. Automatic check. Pysical check.

You can void a check without reversing the payment document. True. False.

You can void a check and reverse the payment document at the same time. True. False.

You can void a check and reverse the payment document and the vendor invoice all at the same time. True. False.

You have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible. True. False.