1Z0-1055-26 flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Business unit partitioning

A configuration key that separates suppliers, invoices, payments, and payment terms so each business unit maintains independent Payables data and accounting.

Invoice tolerance set

A group of validation rules (amount, quantity, date, tax, control amount) assigned through Payables options that places invoices on hold when exceeded.

Payment process profile

Configuration that defines payment method, disbursement bank account, payment format, instruction grouping, and confirmation behavior for a payment run.

Pay group

A supplier site attribute used to group invoices for payment selection and priority; payment process profiles can select invoices by pay group.

Liability account default

The account credited when an invoice is created; it comes from the supplier site assignment or Payables options and is required before invoice entry.

Invoice approval rules

BPM worklist rules that determine whether an invoice requires approval based on amount ranges and document types configured for the business unit.

Three-way match

Validation that compares invoice price and quantity to both the purchase order and the receipt before the invoice can be paid.

Prepayment application

Applying an existing prepayment invoice against a standard invoice to reduce the amount due before payment is issued.

Invoice hold

A validation result that blocks payment until released; common holds include insufficient information, quantity received, and amount.

Standard Invoice Import

A process that loads invoices from the AP interface tables, validates them, and creates invoices or rejects with error reasons.

Withholding tax invoice

A tax document generated from an invoice that records tax withheld from the supplier and is reported separately from the supplier liability.

Invoice line type

An attribute that determines the accounting for an invoice line, such as item, freight, tax, or miscellaneous, and drives the default account.

Payment run steps

The sequence of building payments, formatting, printing or transmitting, confirming, and reconciling that produces supplier payments.

Disbursement bank account

A Cash Management bank account assigned to a payment process profile that supplies the payment document and check numbering for payments.

Void versus stop payment

Voiding reverses a payment and reopens the invoice; stopping prevents issuance but does not reverse accounting until the payment is voided.

Payment instruction grouping

A payment process profile setting that groups payments by pay group, supplier, or none to control how payment instructions are formatted.

Positive pay file

A file generated from a payment process profile and sent to the bank listing issued checks so the bank can detect fraudulent items.

Payment reconciliation

Matching bank statement lines to issued payments; unreconciled payments remain in the queue and affect cash positioning.

AP aging buckets

Report grouping of open invoices by days past due, such as current, 1-30, 31-60, 61-90, and over 90 days.

Payables period close

The process that resolves open items and unposted invoices and must complete before the corresponding General Ledger period is closed.

Payment accounting entry

The journal entry that debits the supplier liability and credits the disbursement cash account when a payment is accounted.

Payables to GL reconciliation

A report comparing Payables balances to General Ledger balances; differences arise from unposted invoices, unaccounted payments, and rounding.

Supplier balance inquiry

A view of open invoices, applied prepayments, and payments showing the net amount owed to a supplier.

Expense template

Configuration assigned to an expense report type that controls fields, policies, default accounts, and calculation methods for expense entry.

Expense policy violation

A flag raised when an expense exceeds a configured limit or lacks a required receipt; it can be overridden or rejected during approval.

Mileage rate schedule

An effective-dated table of reimbursement rates per distance used to calculate mileage expenses from trip distance.

Cash advance application

Applying an employee cash advance to an expense report; the advance stays open until applied and any excess is returned.

Corporate card matching

The process of matching imported card transactions to expense report lines; unmatched transactions remain in the card transaction list.

Document Understanding capture

AI-based extraction of invoice header and line data from scanned or PDF invoices for review before the invoice is created.

Duplicate invoice detection

Automated comparison of supplier, invoice number, and amount to flag potential duplicate invoices during entry or import.

Mobile expense capture

A mobile capability that lets employees photograph receipts and create expense lines, attaching the image to the report.

Redwood experience opt-in

A feature opt-in in Setup and Maintenance that enables Redwood pages and navigation for supported tasks across the environment.