Page 31 - Participant Guide - Unanet GovCon Using Accounts Payable

Lesson 2: AP TRANSACTIONS – VENDOR INVOICES

1. If using Purchasing functionality, what menu item will the AP User select in
order to directly match the PO with the labor/expenses on an invoice?
a) Create Vendor Invoices from Matched Transactions - This is
the correct answer because this menu item is selected to
match the PO with the labor/expense on an invoice
b) Create Vendor Invoices from Expense reports - This is an incorrect
answer because this menu item is selected to create Vendor
invoice from expense reports not used to match transactions to PO
c) Create Invoice - This is an incorrect answer because this menu
item is selected to create Vendor invoices not matched to a PO

2. What status are Vendor invoices in when they are ready to be Posted?
a) Inuse - This is an incorrect answer because Vendor invoices cannot
be Posted if they are still Inuse
b) Submitted - This is an incorrect answer because Vendor invoices
cannot be Posted if they are Submitted but still awaiting approval
c) Approved - This is the correct answer because when Vendor
Invoices are Approved they can be Posted

3. When will Vendor invoices show up on the AP Aging report?
a) Once Submitted - This is an incorrect answer because Vendor
invoices show up on the AP Aging report once they are Posted not
Submitted
b) Once Posted - This is the correct answer because Vendor
invoices show up on the AP Aging report once they are Posted
c) Once Paid - This is an incorrect answer because Vendor invoices
drop off the AP Aging report once they are Paid

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
©2022 Unanet. All rights reserved.
31