AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit lockbox Processing window. Identify the correct sequential…

Question

Options

• Aenter receipts, validate data, apply QuickCash
• Bimport bank file, validate data, post QuickCash
• CImport bank file, enter receipts, validate QuickCash
• Denter receipts. Import bank file, validate data, post QuickCash
• Eenter receipts. Import bank file, validate data, post QuickCash, apply receipts

• A
  4% (1)
• B
  86% (24)
• C
  7% (2)
• E
  4% (1)

Explanation

Option B is correct because the AutoLockbox concurrent process specifically executes three sequential automated steps: Import Bank File (loads the bank's transmission data into Oracle interface tables), Validate Data (checks the imported records for errors), and Post QuickCash (moves validated receipts into the QuickCash tables for later application).

Why the distractors fail:

• A is wrong because "enter receipts" is a manual step outside AutoLockbox, and "apply QuickCash" is a separate downstream process that runs after posting - not part of the concurrent program itself.
• C is wrong for the same reason - "enter receipts" is manual - and "validate QuickCash" is not a real step name; the correct term is "post QuickCash."
• D & E both incorrectly include "enter receipts" as part of the concurrent process; E also tacks on "apply receipts," which is performed separately after QuickCash is posted.

Memory tip: Think "I-V-P" - Import, Validate, Post - like receiving a package (import), inspecting it (validate), and shelving it (post). "Enter receipts" is a human/manual activity that happens outside this automated pipeline, so any choice containing it as part of AutoLockbox is a trap.

No community discussion yet for this question.