2023 Financial Management Procore Certification - Questions and Answers True or False: You need to add billing recipients for each commitment in order to send invoices for that commitment. True In order to receive invo
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2023 Financial Management Procore Certification - Questions and Answers True or False: You need to add billing recipients for each commitment in order to send invoices for that commitment. True In order to receive invoices, a subcontractor needs which of the following: a. To be added to the Billing Recipients list b. To be added to the Private section of the commitment c. To be an Admin on the project's Prime Contract tool d. All of the above e. Both A and B What status should an invoice be in to prevent the subcontractor (who has access to the Commitment) from making changes to the requisition? a. Approved b. Approved or Draft c. Approved and Pending Owner Approval d. Any status but 'Draft' or 'Revise & Resubmit' What permissions do subcontractors need to break down line items in a SSOV but not modify the general schedule of value line items? a. Read-Only b. Standard c. Admin d. None Which user will receive an email to set up their subcontractor SOV? a. The user who enables the subcontractor SOV b. The user listed as an Invoice Contact for the commitment c. The user who created the general SOV What must be true before a subcontractor can create a subcontractor invoice? a. The Commitment's status must be set to Complete b. The Commitment's status must be set to Approved c. The Subcontractor SOV must be set to Approved d. All of the above e. B and C What is the monthly due date in a billing period for an invoice? a. The date the subcontractor must submit the invoice by b. The date the subcontractor must create the invoice by c. The date the subcontractor must email the invoice by If reminder emails are enabled, subcontractors will receive an email at the frequency selected from the time the invitation is sent until the invoice is created and the status is updated to a status other than 'Draft' or 'Revise and Resubmit.' True Turning on the configuration that sends a digest of Under Review invoices does which of the following? a. Send an email every other day to the Billing distribution that lists all invoices with the status of Under Review b. Send an email every day to the Billing distribution that lists all invoices with the status of Approved c. Send an email every day to the Billing distribution lists that lists all invoices with the status of Under Review, Revise and Resubmit, and Draft Within the Invoicing tool, there are two tabs: The Owner tab, and the Subcontractor tab. False What does the Subcontractor subtab on the Invoicing tool show? a. All invoices with an Approved or Complete status for the most recent billing period b. All commitments with an Approved or Complete status for the most recent billing period c. All subcontracts with an Approved or Complete status for the most recent billing period True or False: The Invoice contact is the subcontractor who should receive the invoice invitation email True If you want to create a billing period for a date range that today's date falls within, which billing period should you create? a. Automatic b. Manual True or False: If you didn't add anyone as an Invoice Contact for a commitment, you will not be allowed to send invitations for the commitment.
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