GFEBS L251E Accounts Payable Process Overview

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 Miscellaneous payment invoices are non-contractual vendor invoices processed in GFEBS - Answer ️️ -true Miscellaneous payment invoices are non-contractual vendor invoices processed in GFEBS - 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