GFEBS L251E Accounts Payable Process Overview fully solved 2023

GFEBS L251E Accounts Payable Process Overview fully solved 2023- 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 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 Which role sets the parameters that create the Payment Proposal for certification - correct answer Invoice Processor Payment Processor Outbound payment files to Automated Disbursing System (ADS) for disbursement are called Ready-to-Pay - correct answer true Outbound payment files to ADS for disbursement are called Ready-to- Which of the following is an example of miscellaneous payment invoice not subject to PPA - correct answer all of the above