Accounts Payable Certification Practice Test

Which statements are true regarding the submission of invoices using Supplier Portal?

1. A supplier can submit a single invoice against multiple purchase orders in different currencies.

2. A supplier can validate the invoice post-submission.

3. A supplier cannot make changes to the invoice after submission.

4. A supplier can submit invoices against fully billed orders.

The correct answer is: A supplier can submit a single invoice against multiple purchase orders in different currencies.

The assertion that a supplier can submit a single invoice against multiple purchase orders in different currencies is correct. This functionality can streamline the billing process for suppliers who handle multiple orders simultaneously, especially in a global market where transactions may occur in various currencies. Being able to consolidate invoices allows suppliers to manage their accounts more efficiently, ensuring they get paid on various orders without needing to create a separate invoice for each purchase order, thereby reducing administrative effort. This option reflects the flexibility that modern Supplier Portals aim to offer, accommodating diverse billing needs and simplifying the reconciliation process for both the supplier and the purchasing organization. It is essential for suppliers who deal with international transactions to have such capabilities to ensure they are not limited by currency constraints when billing for services rendered or goods supplied. Regarding the other options, they encompass different aspects of the invoice submission process for suppliers, which may not align with the capabilities offered by the Supplier Portal. Understanding the limitations and procedures of the Supplier Portal helps suppliers better utilize the system for invoicing and payment processing.