Tracking Deposited Payments Ch.8

Question 1

Payer payment information flow

Answer 1

Question 2

Your cash control group has a status of confirmed

Answer 2

This indicates that the cash control group and the cash records within our fully loaded free of errors and contain the information needed to apply its check information through the electronic remittance or manual payment posting process.

Question 3

Review chapter 8: true or false: cash management tracks, how much of a deposited payment is posted in resolute.

Answer 3

True

Question 4

Review chapter 8: which of the following does a single cash record represent?

Answer 4

A single payer check deposited in the bank

Question 5

Review chapter 8: a true or false cash control groups must be created manually and epic.

Answer 5

False: cash control groups can be and and are best created automatically by the system using information from a bank deposit file.