EDI → electronic data interchange
Invoiceless billing → customer knows how much they owe
Image processing → Documents
Integrated billing and marketing → coupons
Electronic lockboxes → PO box, or bank box
EFT/FEDI → electronic payment, processing, and data interchange
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Which of the following techniques is the most efficient way to process customer payments?
Which of the following techniques is the most efficient way to process customer payments and update accounts receivable? [Correct. FEDI integrates EFT, for processing customer payments, with EDI, for processing related remittance data to update accounts receivable.]
Which of the following activities is included in the open invoice method?
The open invoice method involves which of the following activities? customers pay from a balance on a monthly statement. remittances are applied against a total account balance. customers are required to remit a tear-away stub.
Which document is used to authorize the release of merchandise from the inventory warehouse to the shipping department?
Cards
ACCT 427 TEST 1 Flashcardswww.flashcardmachine.com › acct-427-test1null
Term From where do adjusting entries usually come? | Definition Controller, after the trial balance has been prepared |
Term picking ticket | Definition which document is used to authorize the release of merchandise from the inventory control [warehouse] to shipping? |
Which document is used by warehouse personnel to assemble the goods for shipment?
Order Assembly Guide [OAG]: Document which assists warehouse personnel when packing orders [Sample OAG Seen Below].