Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location PL
Mob_nav_barsMENU

Oracle Exam 1z0-1107-2 Topic 1 Question 16 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam
Question #: 16
Topic #: 1
[All 1z0-1107-2 Questions]

Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)

Show Suggested Answer Hide Answer
Suggested Answer: B

Lockbox is the method that your organization can implement to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Lockbox is a service provided by banks that allows customers to deposit their payments directly into your bank account without sending them to you. The bank sends you a data file with the details of the payments and the invoices that they apply to.You can import this data file into Oracle Receivables and create receipts automatically1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


by Candida at Apr 11, 2024, 09:56 PM

Limited Time Offer

25%

Off

Get Premium 1z0-1107-2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Jose
8 days ago
A spreadsheet? Really? That seems like a pretty manual and outdated method for automating cash receipts. I don't think that's the right answer here.
upvoted 0 times
...
Laine
10 days ago
Okay, so we've got a few of us leaning towards Lockbox. But what about A) Spreadsheet? Could that work as well?
upvoted 0 times
...
Dorothy
11 days ago
I agree with Trinidad and 3. Lockbox seems like the best answer, since it's a well-established method for automating cash receipts.
upvoted 0 times
...
Jennifer
12 days ago
Hmm, I'm not sure about that. Automatic Receipts sounds more like a generic term, not a specific method. I think Lockbox is the way to go here.
upvoted 0 times
...
Ashanti
14 days ago
I was thinking the same thing, but I'm not 100% confident. Wouldn't C) Automatic Receipts also work? That sounds like it might be a valid option.
upvoted 0 times
...
Trinidad
15 days ago
This is a tricky question. I'm not entirely sure about the right answer, but I think it might be B) Lockbox. That seems like the most logical method for automating cash receipts.
upvoted 0 times
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77