Microsoft Business Solutions Great Plains 8.0 Financials

1.

If the Allow Account Entry checkbox is not marked on an account in Account Maintenance, which of the following can occur?

No transactions can be posted to this account. Users can select the account as a posting account on a transaction. Users can select the account as a posting account if they type in the account number manually. The account can be used if it was set up as a default posting account.

2.

How do you enter account beginning balances into General Ledger during the middle of a fiscal year?

Enter a transaction for the beginning balance for each balance sheet and profit & loss account using the last
day of the previous period as the posting date. Enter the beginning balance for each balance sheet account in the previous period in the Account Historywindow. Enter a transaction for the beginning balance amount for balance sheet accounts only, using the last day ofthe previous period as the posting date. Enter the beginning balance for each balance sheet and profit and loss account in the previous period in theAccount History window.

3.

What range options can be selected in the Select Payables Checks window when choosing which vendors to pay?

by Vendor Status by Payment Priority by Vendor ID by ZIP Code

4.

What are the requirements to void an invoice?

The invoice must be unapplied Transaction history must be maintained for that customer The invoice must be partially applied to a payment or credit memo The invoice must be in the open table

5.

What is the maximum number of aging periods you can have in Receivables Management?

5 6 4 7

6.

Which of the following modules integrate with Receivables Management?

Sales Order Processing General Ledger Fixed Assets Purchase Order Processing

7.

How would you reprint a Posting Journal in General Ledger?

Print a cross reference report Print a quick financial report Print a trial balance report Print a history report

8.

Which modules can update Bank Reconciliation?

General Ledger Payables Management Payroll Receivables Management

9.

How does the reconcile 'year' process work?

It resets the period balances for each account so it matches the transaction amounts posted to the account
for each period. It will delete any zero balance accounts that have no transaction activity. It removes transactions that are damaged. It resets the posting type to either Balance Sheet or Profit and Loss based on the category chosen for eachaccount.

10.

What field in the Account Maintenance window determines which quick financial statement an account will appear on in Great Plains?

Posting Type Alias Series Selected Account Category

Microsoft Business Solutions Great Plains 8.0 Financials

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Microsoft Business Solutions Great Plains 8.0 Financials

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