Exam (elaborations)
GFEBS L251E Accounts Payable Process Overview Questions with correct Answers 2024
- Course
- Institution
GFEBS L251E Accounts Payable Process Overview
[Show more]
Content preview
GFEBS L251E Accounts Payable Process Overview- answer any person including employees or org that provides goos or services to the army and must be paid
Invoice - answer commercial doc that a seller issures to a buyer. the invoice indicates the products, qty, and agreed upon pricwes for products or services that the seller has already provided the buyer
Electronic Funds Transfer (EFT - answer payment method that provides automatic electronic transferral of funds both payments and collections thereby eliminating the need for a written check
Miscellaneous Payments - answer non contractural venddor invoices processed in gfebs
Prompt Payment Act (PPA - answer statute that requires fed agencies to pay their bills on a timely basis to pay interest penalties when payment are made late, and to take
discounts only when payments are made by the dicount date
Matching - answer actions of comparing a vendor invoice to the other gfebs doc for verification and authorization including the purchase order funds commitment and goods receipt docmument
Blocked Invoice - answer non contractual vendor invoices processed in gfebs
Payment Program - answer program that generats the payments identified in the payment proposal
Payment Proposal - answer display of proposed vendor invoice payments based on user difined selection parameters. the payment proposal differentiates between the various types of payments to be made
Payment Run - answer step that generates payments files for transmission to disbursing systems containing only those items certified for payment
Ready-to-Pay File - answer collective data file that captures transactions due for a payment
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller STASSUKHAREV. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now