What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2018 if the invoices with a Hold status have an invoice date of January 20, 2018?
A. The accounting dates of all unaccounted invoices will be changed to February 20,2018, the same day of the next period.
B. The accounting dates of all unaccounted invoices will change to February 28, 2018, the last day of the next period.
C. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2018.
D. The accounting dates of all unaccounted invoices will be changed to February 1, 2018, the first day of the next period.
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D
“Run the Payables Unaccounted Transactions Sweep process to transfer unaccounted transactions from one accounting
period to another. If your accounting practices permit it, use this process to change the accounting date of the
transactions to the next open period.
For example, you have invoices for which you can’t resolve holds before the close. Your accounting practices allow you
to change invoice distribution accounting dates. You can submit the process to change invoice distribution accounting
dates to the rst day of the next open period. You can then close the current period”
D