Microsoft Business Solutions Great Plains 8.0 Financials Set 2

1.

How can you help prevent entry of the same invoice twice for a vendor in Payables Management?

Mark on for the allow Duplicate Invoices Per Vendor option in Payables Management
Setup. Make sure to always enter a document number for all transactions in Payables Management. Mark the Allow Single Invoice Numbers Only checkbox in Vendor Maintenance. Unmark the override Voucher Number at Transaction Entry option in Payables Management Setup.

2.

When are transactions moved to history in Receivables Management?

During the aging process During the paid transaction removal process When the transaction is posted During the year-end closing process

3.

What happens when you choose the Reset Life option after changing a depreciation sensitive field?

Depreciation is recalculated from the place in service date to the date the asset is depreciated;the
difference can be included in the current month GL interface. Depreciation is recalculated from the place in service date to the date the asset is depreciated; thedifference is posted to the prior yr depreciation account in the respective periods. Depreciation is recalculated from the acquisition date to the date the asset is depreciated;the difference isposted to the prior yr depreciation account in the respective periods. The system calculates the new yearly depreciation rate;this rate is used to begain recalculating depreciationfrom the beginning of the current fiscal year to the date the asset is depreciated.

4.

When do cash receipts from Receivables Management update the checkbook balance?

When the receipt is posted in Receivables Management When the receipt is posted in General Ledger When the receipt has cleared the bank When the receipt is posted/deposited on a deposit in Bank Reconciliation

5.

Which transaction type can be entered in recurring batches?

Invoices Credit Memos Invoices with Payments Returns

6.

On April 9th you want to reconcile the March 31st Receivables Management module balance to the Accounts Receivable account balance for the same date in General Ledger. Which report should you use?

Aged Trial Balance with Options Transaction History Report Aged Trial Balance Historical Aged Trial Balance

7.

What is the effect of placing a vendor on hold?

The vendor will be deleted if there is no outstanding balance. You can't post any type of transactions for the vendor on hold. You can post any payments to the vendor on hold. You can post any invoice transactions for the vendor on hold.

8.

Which of the following fields is a depreciation sensitive fields?

Acquistion Date Asset ID Original Life Quantity

9.

Which of the following are requirements to post a cash receipt in Receivables Management?

The customer must be active Must be fully applied Has to be applied to one sale/invoice Must be fully distributed

10.

What transaction entry windows allow you to print computer checks?

Print Checks Payables Transaction Entry Apply Documents Payables Manual Payment Entry

Microsoft Business Solutions Great Plains 8.0 Financials Set 2

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Microsoft Business Solutions Great Plains 8.0 Financials Set 2

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