Cash Management
In which tab do you set the historical FX rate for a specific GL account?
The “Accounts to Override” tab
If we want to merge multiple Sales Orders into one Invoice, what would we need to enable?
Enable Advanced Processing
What process should users run each month before running the consolidation to correctly state foreign currency balances in the GL?
Revaluation
What do you call a contract that renews indefinitely?
Evergreen Contract
If you are Cash Accounting, can you post credit card transactions to the GL upon creation of the transaction?
Yes, instead of having credit card transactions and credit card fees post to the GL after they are paid off, have them post to the GL as soon as they are created. This is a setting in Cash Management.
How do you get the Contract ID on the Project?
Add the Project ID to the Contract Line first and Save. It cannot be manually added to the Project.
You can override the Exchange Rate when you run a consolidation (T/F)?
True, the Intacct Daily Rate has to be selected in your book, but it can be overridden when you run the consolidation
What are the three categories of deferred revenue when setting up the contracts posting configuration?
Unbilled, Billed and Paid
How many custom fields can you add to an Object?
100 (the combination of custom fields for objects in the same family, such as AP Bill, AP Adjustment and AP Payables Payment, are limited in aggregate to 100)