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AFP CTP Exam - Topic 1 Question 22 Discussion

A large, nation-wide, retailer of plumbing fixtures is considering implementing ACH technology to improve its accounts receivable processing. Which of the following pre-authorized ACH transactions can the company use for this application?
B) CIE (Customer-Initiated Entry)
A) ARC (Accounts Receivable Conversion)
C) TEL (Telephone-Initiated Entry)
D) WEB (Internet-Initiated Entry)

AFP CTP Exam - Topic 1 Question 22 Discussion

Actual exam question for AFP's CTP exam
Question #: 22
Topic #: 1
[All CTP Questions]

A large, nation-wide, retailer of plumbing fixtures is considering implementing ACH technology to improve its accounts receivable processing. Which of the following pre-authorized ACH transactions can the company use for this application?

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Suggested Answer: B

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Aaron
2 hours ago
Wait, can you really use TEL for this? Seems odd.
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Nan
5 days ago
I think CIE could work too, but not as efficient.
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Felice
10 days ago
Definitely ARC is the way to go for receivables!
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Lea
16 days ago
I feel like I’ve seen questions about these before, and ARC seems to fit the description best for this scenario.
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Art
2 months ago
I’m a bit confused about WEB and TEL; I thought both could be used for ACH, but I can't recall which is specifically for accounts receivable.
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Hillary
2 months ago
I remember practicing with CIE and TEL, but I feel like ARC is more relevant for accounts receivable.
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Tom
2 months ago
I think ARC might be the right choice since it deals with converting checks to ACH, but I'm not entirely sure.
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