Accounts Payable Certification Practice Test

To default the disbursement bank account when submitting a payment process request, which two actions are necessary?

1. Define the disbursement bank account to every supplier

2. Assign the disbursement bank account to users

3. Create a payment process request template

4. Define the disbursement bank account at the business unit level

The correct answer is: Create a payment process request template

The selection of creating a payment process request template as a necessary action to default the disbursement bank account when submitting a payment process request is important because templates streamline the payment submission process. By having a predefined template, the system can automatically use the specified disbursement bank account for payments without requiring manual selection every time. Templates often contain preset values, including bank account details, which helps in avoiding errors and saves time in repetitive tasks. When working with disbursement processes, it’s crucial that the configuration is done correctly and efficiently. The use of a template ensures that all necessary information and settings, including the default bank account, are consistently applied for each payment request, leading to smoother and faster transactions. This functionality is particularly beneficial in large organizations where multiple transactions are processed frequently, facilitating better workflow and reducing administrative burden.