Page 33 - Participant Guide - Unanet GovCon Using Accounts Payable

Lesson 4: ACCOUNTS PAYABLE REPORTING

1. What report can be run to include only Payments which will create a Cash
Payments Report?

a) Vendor Invoice Status - This is an incorrect answer because this
report shows pending approvals for Managers, Project Approvers,
Customer Approvers, and Receiver/Approvers
b) AP Aging - This is an incorrect answer because this report shows
the amounts currently payable to vendors (including the number of
Days Past Due) for vendor invoices
c) AP Activity- This is the correct answer because this report can
be run to include only Payments which will create a Cash
Payments Report

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

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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