Microsoft Solomon 6.0 Project Management and Accounting Set 4

Retention ✘ Retention Billing ✘ Other item ✘ Regular item ✔

It required before an invoice can be printed in Final Mode. ✘ It required before an invoice can be Posted. ✘ It only required if Billing Information Maintenance has been set up to require approval for the project. ✘ It optional by invoice. ✔

If this box is checked, the adjusted amount for a transaction in Invoice & Adjustment Maintenance will be used for the secondary postings in a Billing Rule; otherwise the original amount will be used. ✘ If this box is checked, transactions entered directly into Invoice & Adjustment Maintenance will postusing the amount entered; otherwise they will post using an amount of zero. ✘ If this box is checked, the original amount for a transaction in Invoice & Adjustment Maintenance will beused for the secondary postings in a Billing Rule; otherwise the adjusted amount will be used. ✘ If this box is checked, the billing amount for a transaction will be used for posting; otherwise, the costamount will be used. ✔

In Process ✘ Completed ✘ Balanced ✘ Posted ✔

Whether headings will be displayed above the section. ✘ The row format and summarization of data on an invoice. ✘ The column heading of an invoice. ✘ The subtotals and totals on an invoice. ✔

Time & Materials invoices ✘ Cost Plus Invoices ✘ Recurring Invoices ✘ Fixed Price Invoices ✔

line items with a Post Date will post billable transactions to an invoice; line items with an Estimated Post Date will post non-billable transactions. ✘ line items with a Post Date will create an invoice; line items with an Estimated Post Date will createbillable transactions. ✘ line items with a Post Date will create unbilled items or a draft invoice; line items with an Estimated PostDate not create
unbilled items or a draft invoice. ✘ line items with a Post Date will create unbilled items with an Available status; line items with anEstimated Post Date will
create unbilled items with a Hold status. ✔

It informational only; the date used is actually the current date. ✘ It assigned as the invoice date during Final Print but not for Preliminary or Reprint. ✘ It assigned as the invoice date during Preliminary Invoice Print. ✘ It informational only; the current date is assigned as the invoice date during Invoice & AdjustmentPosting. ✔

For each month, quarter or year. ✘ For each month. ✘ For each week, month or quarter. ✘ On an annual basis only. ✔

Define whether non-billable transactions are transferred to Flexible Billings. ✘ Define what transactions are displayed in Invoice & Adjustment Maintenance. ✘ Define which transactions are copied from PJTRAN to PJINVDET for billing purposes. ✘ Define whether unit, rate, amount, labor classification, employee, vendor, information etc. is loaded intoa billing transaction. ✔