AR Invoicing Quiz #2
AR Invoicing Mastery Quiz
Test your knowledge of AR invoicing with this comprehensive quiz designed for accounting professionals. Whether you're a seasoned expert or just starting out, this quiz will challenge your understanding of invoicing rules, calculations, and best practices.
- 10 multiple choice questions
- Covers real-world scenarios
- Assess your readiness for invoicing tasks
Based on this screenshot, what would the invoice's RULES tab start date be for the 08/10 added locations? This is an addendum to a QUARTERLY invoice 06/01 - 08/31
08/10
08/31
08/01
06/01
What amount would you deduct based on this CM note for a SEPTEMBER T2B?
$51.33
$191.33
$30
$70
In admin, one CPC campaign ran with dates 08/01 - 08/31, and a second CPC campaign ran 08/15 - 08/31. If creating an IA 08/01 - 08/31 invoice, there MUST be separate lines for these respective CPC campaigns.
True
False
Assuming this is a brand new client, the billing period for this client's first invoice should be:
06/15/22 - 07/14/22
06/15/22 - 09/14/22
06/15/22 - 06/30/22
06/15/22 - 06/14/23
T2B time! What amount should be billed for AUGUST on this PID? 53_OOxhif5d8ZGbejL0cog
112,479.48
112,575.77
112,420.77
112,461.48
Today is September 14th. Create Accounting was successfully ran last night, and you are about to create a missed invoice for 09/01 - 09/30. The GL date should be:
09/16
08/31
09/14
09/10
Your August T2B including all adjustments for this YA account equaled a total of $112,000.00. However, this ledger note left by CS mentions the billable amount for August should actually equal $112,279.45 as shown.
The current total on the ledger and the amount left in their note do not match. Of the following, the best course of action to take is to:
Invoice based on the ledger note amount and then reach out to CS so they can adjust the ledger
Clarify the amount with CS before proceeding with the invoice creation
Invoice based on what's present on the ledger (your T2B)
Cry
If marking a row on the invoicing doc "No Invoice Needed," a note MUST be left indicating why.
True
False
I just made a brand spankin' new invoice based on this non-agency PO, and I am SO proud of it. Please let me know what (if anything) is wrong with it by checking off any/all boxes that have incorrect data.
(This question is all right/wrong btw. No partial credit.)
Type
Currency
Agency IO#
Billing Period
Payment Term
Invoice Distributed
Receipt Method
Invoicing Rule
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