WorksheetsBilling and Payments Business Config (Closing Activity)
Total questions: 15
Worksheet time: 8mins
An account on the same bill cycle will receive bills at roughly the same time every month.
TRUE
FALSE
A bill can obtain bill segments for both utility and non utility charges.
TRUE
FALSE
This algorithm is plugged in on the bill segment type referenced on the SA type to create bill segment for each billable SA.
Auto Cancel Algorithm
Bill Segment Creation Algorithm
Get Consumption Algorithm
Bill Completion Algorithm
A bill is NOT limited to one account.
TRUE
FALSE
Every account references a bill cycle.
TRUE
FALSE
Most bill cycle schedules are configured to produce bills over several days. This time period is called:
Measurement Cycle
Bill Cycle
Estimate Date
Bill Window
Overpayment algorithm is linked to the installation options.
TRUE
FALSE
Every person who gets a copy of the bill must reference a bill route type.
TRUE
FALSE
Which of the following statements is NOT true?
When a payment event is added, the system defaults the payment amount using an algorithm that is plugged into the installation options.
A user cannot manually override the payment distribution algorithm.
A payment must be distributed to one or more service agreements for its financial impact to be realized.
The payment distribution algorithm linked to the Account's customer class (and it can differ per division)
A Characteristics table exists for Payment Event, Payment Tender and Payment. They can be used to record miscellaneous information relevant to each object for which base fields are not provided.
TRUE
FALSE
A customer with 2 accounts will, by definition, receive all of their bills at the same time every month.
TRUE
FALSE
The Service Agreement's SA Type controls the algorithm used by the system to create its bill segments.
TRUE
FALSE
Unlike bill segments, a payment segment's financial transaction is only created when the payment segment is frozen.
TRUE
FALSE
What are the valid values of Bill Segment Freeze Option?
Freeze at Will
Manual Freeze
Freeze at Creation
Freeze at Bill Completion
This algorithm plugged in on the Customer Class can modify a bill or perform ancillary events during completion.
Bill Completion Algorithm
Override Due Date Algorithm
Get Consumption Algorithm
Bill Segment Creation Algorithm
