Microsoft Business Solutions Great Plains 8.0 Project Series Set 3

1.

Where are the two places rate tables can be assigned?

Project and Budget Contract and Budget Billing Setup and Timesheet Setup Project and Customer

2.

Which transaction types allow a user to enter Begin and End times?

Employee Expenses and Equipment Logs Timesheets and Inventory Transfers Timesheets and Miscellaneous Logs Timesheets and Equipment Logs

3.

Project Accounting can be used to perform which of the following activities in your business?

Recognize revenue Enter point of sale transaction documents for customers. Track employee time and expenses incurred for a project. Compare and analyze baseline and forecasted values for a project.

4.

Which of the following business objects are available in SmartList?

Projects Cost Categories Contracts Change Orders

5.

After billing a Retainer Fee, what other process must be done before the retainer can be applied to future billing invoices?

Nothing Apply a payment to the retainer fee billing. Assign another fee to the project. Run Paid Transaction Removal.

6.

How is the user count defined in Personal Data Keeper?

Personal Data Keeper licenses are concurrent, not based on specific users. It is determined by the database server license. Each User ID is considered one license. Great Plains user licenses transfer to Personal Data Keeper licenses.

7.

What status must a Project have in order to change the 'Forecast' amounts or quantity of a budget?

Open Completed Estimate Closed

8.

When overhead is assigned on the employee card and the cost category, which one will be used to calculate overhead if no rate table is used?

Budget will always be used. Employee will override the cost category. It depends on the source for unit cost (pay codes) in Timesheet setup. Cost category will always be used.

9.

In which of the following situations may a cost category NOT be marked as Inactive?

Cost categories may not be marked as Inactive. Cost category has been assigned to a budget but transactions have not been entered. Cost category has been created but not assigned to a budget. Cost category has been assigned to a budget and there are existing unposted transactions.

10.

Which of the following describes the composition of the Project Amount?

Budgeted costs + retainer fee + project fees Budgeted revenue + budgeted costs + applicable fees Budgeted revenue + service fees + project fees Project fees + service fees + retention fees

Microsoft Business Solutions Great Plains 8.0 Project Series Set 3

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Microsoft Business Solutions Great Plains 8.0 Project Series Set 3

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