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GFEBS L251E Accounts Payable Process Overview Study Guide with Complete Solutions $9.99   Add to cart

Exam (elaborations)

GFEBS L251E Accounts Payable Process Overview Study Guide with Complete Solutions

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  • GFEBS
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  • GFEBS

GFEBS L251E Accounts Payable Process Overview Study Guide with Complete Solutions - Correct Answer️️ -any person including employees or org that provides goos or services to the army and must be paid Invoice - Correct Answer️️ -commercial doc that a seller issures to a buyer. the invoi...

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  • September 25, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GFEBS
  • GFEBS
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

GFEBS L251E Accounts Payable
Process Overview Study Guide with
Complete Solutions

- Correct Answer✔️✔️-any person including employees or org that provides goos or

services to the army and must be paid


Invoice - Correct 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 - Correct Answer✔️✔️-payment method that provides

automatic electronic transferral of funds both payments and collections thereby

eliminating the need for a written check

Miscellaneous Payments - Correct Answer✔️✔️-non contractural venddor invoices

processed in gfebs

Prompt Payment Act (PPA - Correct 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




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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Matching - Correct 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 - Correct Answer✔️✔️-non contractual vendor invoices processed in

gfebs

Payment Program - Correct Answer✔️✔️-program that generats the payments identified

in the payment proposal

Payment Proposal - Correct 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 - Correct Answer✔️✔️-step that generates payments files for transmission

to disbursing systems containing only those items certified for payment

Ready-to-Pay File - Correct Answer✔️✔️-collective data file that captures transactions

due for a payment

Miscellaneous payment invoices are non-contractual vendor invoices processed in

GFEBS - Correct Answer✔️✔️-true Miscellaneous payment invoices are non-contractual

vendor invoices processed in GFEBS

- Correct Answer✔️✔️-true: The definition of a vendor is any person (including

employees) or organization that provides goods or services to the Army and must be

paid

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