Accounts Payable Certification Practice Test

Which types of invoices can be included in the Create Payment flow?

1. Standard, Credit Memo and Debit Memo

2. Standard, Credit Memo, and Invoice Request

3. Standard, Credit Memo, and Customer Refund

4. Standard, Debit Memo and Customer Refund

The correct answer is: Standard, Credit Memo and Debit Memo

In the process of creating payments, the types of invoices that can be included are typically standard invoices, credit memos, and debit memos. Standard invoices represent regular bills from suppliers for goods or services rendered. Credit memos are issued to reduce the amount owed, usually because of returns or billing errors. Debit memos, on the other hand, represent an increase in the amount owed to a supplier, often due to adjustments or additional charges. Including these three types ensures that the payment process captures all necessary financial transactions effectively. While other options list combinations of invoices that may include some valid types, they also introduce categories that do not typically fit within the standard create payment flow. For instance, invoice requests and customer refunds could involve different processes or frequencies in payment handling, which may not align with the typical invoicing structure used for creating payments.