General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? Answer- Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? AnswerEnforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? Answer- Location General Ledger: What would cause a JL journal entry to fail? Answer- Modifying template header titles General Ledger: What do you enable to require approvals for all transactions in a particular journal? Answer- Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? Answer- Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? Answer- Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? Answer- Adjusting Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when using Advanced Workflows in the purchasing application? AnswerItem GL Group Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO transaction definition controls how you would process this transaction? AnswerPartial Conversion Handling Purchasing: What dimension represents goods or services purchased from a vendor? Answer- Item Purchasing: How does the system determine what type of transactions require aproval, what approvals are required, and the sequence of approvals? Answer- Approval Policies Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? Answer- Transaction Posting set to Accounts Payable Accounts Receivables: What would you view to see all of the following information: customer aging info, amount due and amount paid, and total payments received? Answer- Statement Accounts Receivables: What transaction type decreases the amount a customer owes you? Answer- Credit memo Accounts Receivables: What customer account type causes the system to apply customer payments against the total balance due? Answer- Balance forward Accounts Receivables: What feature provides user-friendly names for GL accounts when entering customer invoices? Answer- Account Labels Accounts Receivables: What determines how customer discounts can be calculated on the full transaction amount or total line items only? Answer- AR Terms Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? Answer- Import AR Invoices and select historical posting Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions? Answer- Document Sequencer Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices? Answer- Enable Reversal of Unpaid Invoices Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is available only if you have enabled what feature in AR Configuration? Answer- Account Labels Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts Receivables? Answer- Create a deposit Accounts Receivables: What field name must be unique when importing customers in a .csv import template? Answer- CUST_NAME Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the T&E application? Answer- Expense types Time & Expense: What option enables approvals for paying employee expense reports? Answer- Expense reports approvals