7. Accountant Certification - Bill and Vendor Management

Question 1

Q: Jamaal is setting up his Bill.com account for the first time. He has been processing his payment manually through QuickBooks Online and has an established list of vendors. The best method to bring vendors into Bill.com is: A. Contact his vendor to enter the information for him B. Enter each vendor individually C. Set up the first sync to bring all vendor information directly from QuickBooks D. Import all vendor information at once using a CSV file

Answer 1

A: C is correct - Set up the first sync to bring all vendor information directly from QuickBooks

Question 2

Q: When using vendor credits, select the 2 that apply: A. Vendor credits are applied when paying a bill B. You can select a specific credit to apply to a bill C. Vendor credits must be used to pay a bill first D. Vendor credits are refunds the vendor is sending back to the business

Answer 2

A: A and B are correct

Question 3

Q: Mark went to a conference and paid for a copy service by cash. To record the payment, what should Mark do?

Answer 3

A: Mark can record the bill in Bill.com with copy of receipt, then apply an offline payment to it

Question 4

Q: When setting up an international vendor for wire payments, in addition to the bank information, what is required? A. Bank address B. Purpose of payment C. Phone number D. Birthdate

Answer 4

A: B is correct - Purpose of payment