GSA SmartPay Purchase Account (Account Holders/AOs) Exam 2023/2024

GSA SmartPay Purchase Account (Account Holders/AOs) Exam 2023/2024 Which of the following are GSA SmartPay purchase account benefits? - ANSWER-D. All answers are correct A. It provides the Government with better financial management control by making it easier to monitor and track purchases. B. It is widely accepted by merchants around the world. C. It enables government employees to purchase items when they need them. An account holder would like to make a purchase that exceeds their monthly limit on the purchase account. What should he/she do? - ANSWER-Seek approval for an increase in his/her monthly limit from his/her Approving Official or Agency/Organization Program Coordinator (A/OPC) before making the purchase. If an account holder cannot locate his/her GSA SmartPay account number, he/she should: - ANSWER-Report a lost or stolen purchase account promptly to the contractor bank, your program coordinator (A/OPC) and your supervisor. All of the following are responsibilities of a purchase account holder EXCEPT: - ANSWER-Paying the bank invoice on approved purchases Account holders should be receiving a tax exemption for all purchases made using their GSA SmartPay Purchase Accounts (CBA). - ANSWER-True The _________oversees the proper processing of invoices and ensures invoices are paid according to the Prompt Payment Act guidelines. - ANSWER-Designated Billing Office (DBO) It is your responsibility as the account holder to dispute questionable charges. If you don't, you will be held personally liable for the amount of the questionable charge. - ANSWER-True