MB5-229 - Microsoft Business Solutions Small Business Financials 8.0
Go back to Microsoft
Where do you need to format the payables check?
Use Report Editor or Report Writer
How many checkbooks can be set up in Microsoft Small Business Financials?
When are banking transactions moved to history?
When they are reconciled
Which of the following are requirements to delete an account from your chart of accounts?
The account must have a zero balance
There currently are no history records for the account
What is the maximum number of companies that can be set up in Microsoft Small Business Financials?
Which transaction type in the Other Bank Transactions window will not affect a checkbook when posted?
Which of the following would stop you from inactivating a posting account?
A debit account balance
A credit account balance
What is the maximum account length allowed in Microsoft Small Business Financials?
What application has a seamless link to import budget information into Microsoft Small Business Financials?
What is the maximum number of currency or quantity decimal places supported for items in Microsoft Small Business Financials?
If an invoice was entered in Purchasing against the wrong vendor account, which window would you use to void it if it has not been applied to any document?
Void Open Payables Transactions
How will voided transactions appear in Sales Inquiry windows?
With an asterisk next to the document
Which of the following statements are true about the Notes feature?
Notes can be attached to windows
Notes can be attached to individual vendors and customers
Which of the following situations could possibly be remedied by running the reconcile utility in Accounting?
An account balance for a period displays differently when comparing the trial balance report and balance sheet
Where can you specify the default retained earnings account that should be used when closing the fiscal year in Accounting?
Which of the following can be done within the reconcilation windows in Banking when reconciling a checkbook?
Enter an adjustment for a bank service charge
Clear a document for a different amount then entered
Print a marked documents list to determine if all necessary documents have been marked
Which of the following statements are true when you are using Quick Journals?
You can delete a quick journal you no longer need.
You don't have to enter amounts for every account on the quick journal.
Which transaction entry window will allow you to enter sales line items in Microsoft Small Business Financials?
Checks can be cleared for a different amount than entered only if it meets which requirement?
It has not been reconciled
Which of the following will allow you to increase quantity on hand for an item?
Receiving the item item in Purchase Order
Increase item adjustment
If an item type is changed to discontinued, what function can no longer be done in Microsoft Small Business Financials?
The item can't be purchased on a PO
What can you do if you don't want to let users change the default check number when printing Payables checks?
Don't mark the Override Check Number box in the Checkbooks window
Which of the following cost methods can be assigned to an item in Inventory?
Which of the following file formats are available to save a report to in Microsoft Small Business Financials?
Which sales transaction type will have no effect on a customer balance?
Which of the following would stop you from deleting a customer in Sales?
A current balance
Customer transaction history
Unposted transactions in a batch for the customer
How many item price levels can be entered for an item in the Item Prices window?
When you post an assembly transaction, how are quantities affected?
Component quantities are decreased and the assembled item quantity is increased
What is the maximum number of fiscal periods you can have in a fiscal year in Microsoft Small Business Financials?
Which of the following statements are true about the year-end closing function for general ledger accounts?
The account balances for balance sheet accounts are carried forward as beginning balances for the new fiscal year
The account balances for profit and loss accounts are closed to retained earnings
Which of the following documents can have inventory line items?
Purchase Order (Purchasing)
Which of the following can be accomplished when printing statements using the statements wizard?
Exclude transactions after a particular date
Print statements for a range of customers
Print customer credit limits on the statement
Print special messages to overdue customers
What is the term for an item in Microsoft Small Business Financials that has component items and is "pieced together" at the time of the sale?
What is the maximum number of licensed concurrent users you can have in Microsoft Small Business Financials?
In Purchasing, which of the following windows will allow you to print a check?
Payables Transaction Entry
Which of the following are Track Options when you set up items in Inventory?
Which of the following is a difference between kit items and assembled items?
Assembled items can have a quantity on hand, a kit never has a quantity on hand
What option should you choose if you want to mark a group of consecutive documents in the checkbook reconcile windows?
What is the maximum number of account segments allowed in Microsoft Small Business Financials?
If a transaction is voided in Purchasing, what designates this on reports or inquiry screens?
There is an asterisk next to the document
Where are the "built in" backup and restore functions located?
File on the Menu Bar
Which two document types default their next number from the Checkbooks setup window?
Deposit and Check
Which transaction entry window in Banking would allow you to print a check?
When entering customer cash receipts in Cash Payments Entry, which of the following statements are true?
The cash receipt can be posted unapplied
The cash receipt can be a cash, check, or credit card payment
Where can you set a default NSF (Non-sufficient funds) check charge in Sales?
Where can you remove a "trapped" user from the system in Microsoft Small Business Financials?
Which period-end procedure allows you to print an Aging report?
Age Customer Balances
Which deposit type allows you to remove receipts without affecting your checkbook balance?
Clear Unused Receipts
When are invoice transactions moved to history in Purchasing?
When they are fully applied
If a vendor extends the discount date on a previously posted invoice transaction from April 10 to April 25, what is the best/easiest way to update Microsoft Small Business Financials with the new information?
Use the Edit Payables Transaction window to change the discount date