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AR Invoicing Quiz

An illustration depicting a billing office environment with invoices and calculators, showcasing the theme of accounts receivable invoicing, with a modern and clean design.

AR Invoicing Quiz

Test your knowledge on AR invoicing with this comprehensive quiz! Designed for professionals dealing with billing processes, this quiz covers various scenarios you may encounter in your day-to-day operations.

Assess your understanding of invoicing concepts.
Identify best practices for billing periods and adjustments.
Challenge yourself with real-world scenarios in AR invoicing.

11 Questions3 MinutesCreated by BillingGuru123

Name:

You are about to create a missed mid-month invoice (today, 6/30) with a billing period of 06/15/22 - 07/14/22. The GL Date will be:

06/10

06/16

06/30

07/01

A Rules Tab end date should be added to a checkita adjustment line if:

The line was added manually

You updated anything on the line

It's for added locs

The line was added and/or changed (the top 2 answers)

Assuming this is a brand new client, the billing period for this client's first invoice should be:

06/15/22 - 06/30/22

06/15/22 - 07/14/22

06/15/22 - 09/14/22

06/15/22 - 06/14/23

The MORE tab Quantity and Unit Price should always match the MAIN tab Quantity and Unit Price UNLESS the line:

Spans across multiple months

Is for CPC on a Checkita invoice

Is for CPC

Is for a prorated amount

This CM was for a May-July quarterly invoice. What amount should be deducted from this for a JUNE T2B?

$12.63

$63.13

$50.50

$25.25

Assuming the accounting rule here is Partial Period, the line for the 06/02 added loc will have a Rules Tab start date of:

06/30

06/02

06/01

Askjeeves.com

You are creating an addendum to a quarterly 04/01 - 06/30 invoice. It is for 2 added locs on 06/12, and the billing period will be 06/12 - 06/30. The accounting rule for this addendum should be:

Immediate Revenue

Partial Period

Deferred Revenue

All of the above

In admin, 1 loc was added on 06/03 at $20, 2 more locs were added on 06/05 @ $20 each, and another 2 locs were added on 06/13 at $15 each. How many lines should be on their June addendum? (This is only for June)

T2B time (no SQL, please)! What amount should be billed for May on this PID? XWUowg4ektBwrIZqTzbNuw

$8 billion

$6,165.00

$6,210.00

$6,187.50

A new client, Fun Hangout Times with Jared Just Joshin' Around, has recently signed up for ads. The PO lists that the start date is 07/01/2022, 428 locs running Basic Profiles @ $20 each, Net 45, to be billed annually. Now, this is quite an up-and-coming lucrative business that is surely set to pave the way in the entertainment industry. A partnership like this comes once every 10 years, so the billing aspect of things is vital. Not to say that it isn't vital for smaller businesses as well! But I mean, come on. This is pretty special. However, the equation (x−17)(x−23)(x+1)(x−2–√)(x+e)=0 was throwing a wrench into things. CS was fortunately able to resolve yesterday, and it's looking like things are back on track. Great! Hopefully we can do our part now and avoid listing the wrong product on their invoice. GULP! That reminds me of this one time when I was a young lad and made a silly mistake. It's quite unrelated to the matter at hand at the moment, so I won't get into it now. Please don't interrupt again. Since this client is choosing to pay annually because they have so much money to spend despite all of those locations, we won't be able to Checkita. :( That's OK though. The location count shouldn't fluctuate throughout the year. Anyway, since we are relying on the PO to ensure we are billing them accurately, which product should be chosen on the Oracle Invoice? Right answers only.

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