Configuring Payment Types

1.

Choose the correct answer.

Under Actions, select Delete.

Under Actions, select Deactivate, and then confirm you want to deactivate the payment type.

You cannot deactivate a payment type.

Rename the payment type as Inactive.

2.

Choose the correct answer.

It allows you to view only company card programs without making any changes.

It allows you to manage the payment schedule for individual employees.

It allows you to manage company card programs, their associated data imports, and the default payment type used to classify employee spending.

It regulates the total spending limit for each company card.

3.

Choose the correct answer.

To record expenses when they are incurred.

To book amounts in the accounting file that the employee owes back to the company.

To capture offsets against transactions directly impacting bank accounts.

To enter the Vendor ID value for the card issuer of the company-paid program.

Knowledge quiz