Page 33 - Participant Guide - Unanet GovCon Using Accounts Receivable

Lesson 2: AR TRANSACTIONS – CUSTOMER PAYMENTS

1. How many Customers can be involved at one time can when applying
payments?
a) One - This is the correct answer because in Unanet only one
Customer at a time can be selected when applying payments
b) Two - This is an incorrect answer because in Unanet only one
Customer at a time can be selected when applying payments
c) No limit - This is an incorrect answer because in Unanet only one
Customer at a time can be selected when applying payments

2. When processing a write-off, how do you input the value?
a) As a positive value - This is the correct answer because the
system will process the value as a reduction when entering a
positive number in the write-off column
b) As a negative value - This is an incorrect answer because the
system will process the value as a reduction when entering a
positive number in the write-off column
c) As a discount - This is an incorrect answer because the discount
column is not used when writing off an amount, the write-off column
is used

Lesson 3: AR TRANSACTIONS – DEPOSITS

1. What Bank Account Type can be used to record payments received prior
to physically depositing them into the bank?
a) Bank - This is an incorrect answer because answer because the
Bank Account Type of Bank is used to process payments received
into the Bank
b) Undeposited Funds - This is the correct answer because the Bank
Account Type Undeposited Funds is used to record payments
received prior to physically depositing them into the bank
c) Payroll - This is an incorrect answer because Payroll is the Bank
Account name not a Bank Account Type in Unanet.

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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