Module#2: Using the Accounts Receivable Module Flashcards
Before you can begin adding customers to Accounts Receivable, you must first add a customer group, Every Customer must be assigned to a customer group
A: True
B: False
A: True
The _________ tab is where information about your customer groups is collected. It becomes available after the customer group has been added.
A: Group
B: Credit
C: Invoicing
D: Statistics
D: Statistics
The number you give your customer can be an alphanumeric code up to ________ characters long
A: 12
B: 10
C: 13
A: 12
True or False
Once you have entered and saved a customer record, the customer number can be changed.
A: True
B: False
B: False
The Ship-To Location form consists of _____ tabs:
A: 1
B: 2
C: 3
C: 3
there are two types of customer group reports available, what are they?
A: Customer Group List, Customer Group Statistics
B: Overall Group listings, Overall Group Statistics
C: Payable Groups, Payable Statistics
A: Customer Group List, Customer Group Statistics
Select Customer _________, to list sales and receipt history.
A: Period Statistics
B: Activity Statistics
C: Comments
B: Activity Statistics
Select Customer _________, to display statistics for all transactions
A: Period Statistics
B: Activity Statistics
C: Comments
A: Period Statistics
Select Customer _________, to list comments about customers.
A: Period Statistics
B: Activity Statistics
C: Comments
C: Comments
Before you can add a customer you must add a
A: Tax Group
B: Customer Group
C: Ship to Location
B: Customer Group
On the _________ tab on the A/R Customers form, you can view transaction statistics for the customer.
A: Activity
B: Contact
C: Statistics
C: Statistics
True or False:
If you need to ship goods to your customer to an address other than their billing address you must add a ship-to location for that customer.
A: True
B: False
A: True
When Account Receivable invoice transactions are posted they will credit the General Ledger account specified and debit the Account Receivable control account.
A: True
B: False
A: True
Why is the General Ledger Accounts Receivable called a control account?
A: Because it controls all the ledgers
B: Because it controls the A/R Subledger
C: Because you can’t access any other ledgers without it
B: Because it controls the A/R Subledger
True or False
Historical individual customer invoices must be entered in the Accounts Receivable subledger but they don’t need to be totaling the same amount.
A: True
B: False
B: False, they do need to total the same amount
The default date entered in the Batch Date box is the _______ Date
A: Fiscal
B: Session
C: Months End
B: Session
Select _______ to enter the items sold to your customers and update the Accounts Receivable, Revenue, Inventory, and Cost of Goods Sold accounts.
A: Item
B: Summary
C: Revenue
A: Item
Select _______ if you just want to update your Accounts Receivable records.
A: Item
B: Summary
C: Revenue
B: Summary
All invoices, including opening balances are entered in the Accounts Receivable module via batches using Which Form?
A: Invoice Data Form
B: Add Entry Form
C: Invoice Entry form.
C: Invoice Entry form
What will posting a batch do?
A: Update Customer Records, Transactions and Stats B: Create a Batch in the G/L C: Close out all remaining batches D: All E: A and B F: B and C G; A and C
E: A and B
General Ledger batches can be posted using the G/L Batch List form or the G/L Post Batches form in the General Ledger module
A: True
B: False
A: True
Debit notes are transactions that increase the customer accounts receivable balance, while credit notes decrease the customer accounts receivable balance
A: True
B: False
A: True
_______ charges are charges made to your customers on a regular basis.
A: Continuous
B: Never Ending
C: Recurring
C: Recurring
recurring charges must be assigned to a schedule in what services?
A: Common
B: Administrative
C: Either one
A: Common
