Page 35 - Participant Guide - Unanet GovCon Using Accounts Receivable

Lesson 5: ACCOUNTS RECEIVABLE REPORTING

1. What report shows the amounts currently owed to the company by its
customers (including the number of Days Past Due) for customer
invoices?
a) Customer Invoice Status - This is an incorrect answer because a
status report shows status and any pending invoice approvals
b) AR Aging - This is the correct answer because the AR Aging report
shows the amounts currently owed to the company by its
customers (including the number of Days Past Due) for customer
invoices
c) AR Activity - This is an incorrect answer because AR Activity shows
a list of Customer Invoices and Payments

2. What report can be run to include only Payments which will create a Cash
Receipts Report?
a) Customer Invoice Status - This is an incorrect answer because a
status report shows status and any pending invoice approvals
b) AR Aging - This is an incorrect answer because the AR Aging
report shows the amounts currently owed to the company by its
customers (including the number of Days Past Due) for customer
invoices
c) AR Activity - This is the correct answer because the AR Activity
report shows a list of Customer Invoices and Payments and can be
used to only show payments which represents a Cash Receipts
report

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY
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