Items 101 - Sage Implementation Study Guide
Study online at https://quizlet.com/_hhi6mn
1. When using a multiple base currency environment, which mapping type is
recommended?: Advanced IET (inter entity transactions) Mapping
2. Inter-Entity transactions are coded to ONLY the _______________________
dimension; all other dimension coding is removed.: Location
3. BASIC Inter-Entity account mapping does not show?: The direction of the
inter-entity transactions.
4. When comparing Basic vs Advanced inter-entity account mapping, which
method should be utilized for a smaller chart of accounts and one-sided
transactions?: BASIC Inter-Entity account mapping.
5. What account mapping provides the most extensive reporting and its best
supported with other applications such as Global Consolidations?: Advanced
Inter-Entity Account Mapping
6. Entities and locations appear on separate list views but ______________ are
parents to ______________.: Entities; Locations
7. In regards to setting up locations, what cannot be changed once its been
saved?: The location ID.
8. When entering transactions or running reports, locations are sorted by ID
first, then number, then ____________________.: Letter
9. Location ID's cannot be changed so it is best to use _________________ IDs
in case the location name changes later.: numeric
10. True or False: The location NAME can be updated at any time?: True
11. If all entities have the same Base currencies, you can run the
___________________ reports at the top level for consolidated reporting.: Fi-
nancial
12. If you enabled multiple base currencies, you will need which application
for consolidated reporting?: Global Consolidations
13. If a division or association has a separate Tax ID from the rest of the
organization, it MUST be a(n) _____________________.: Entity
14. Prior to configuring taxes, the user must have access to the company AND
_________________ applications.: General Ledger
15. To configure taxes, what 5 steps should you follow?: 1. Update Company
Settings
2. Subscribe to Taxes
3. Subscribe to Cloud Services
4. Update User Permissions
5. Create and assign tax solutions
16. For US Based entities, can create a custom tax solution OR subscribe
to?: Avalara AvaTax
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Study online at https://quizlet.com/_hhi6mn
1. When using a multiple base currency environment, which mapping type is
recommended?: Advanced IET (inter entity transactions) Mapping
2. Inter-Entity transactions are coded to ONLY the _______________________
dimension; all other dimension coding is removed.: Location
3. BASIC Inter-Entity account mapping does not show?: The direction of the
inter-entity transactions.
4. When comparing Basic vs Advanced inter-entity account mapping, which
method should be utilized for a smaller chart of accounts and one-sided
transactions?: BASIC Inter-Entity account mapping.
5. What account mapping provides the most extensive reporting and its best
supported with other applications such as Global Consolidations?: Advanced
Inter-Entity Account Mapping
6. Entities and locations appear on separate list views but ______________ are
parents to ______________.: Entities; Locations
7. In regards to setting up locations, what cannot be changed once its been
saved?: The location ID.
8. When entering transactions or running reports, locations are sorted by ID
first, then number, then ____________________.: Letter
9. Location ID's cannot be changed so it is best to use _________________ IDs
in case the location name changes later.: numeric
10. True or False: The location NAME can be updated at any time?: True
11. If all entities have the same Base currencies, you can run the
___________________ reports at the top level for consolidated reporting.: Fi-
nancial
12. If you enabled multiple base currencies, you will need which application
for consolidated reporting?: Global Consolidations
13. If a division or association has a separate Tax ID from the rest of the
organization, it MUST be a(n) _____________________.: Entity
14. Prior to configuring taxes, the user must have access to the company AND
_________________ applications.: General Ledger
15. To configure taxes, what 5 steps should you follow?: 1. Update Company
Settings
2. Subscribe to Taxes
3. Subscribe to Cloud Services
4. Update User Permissions
5. Create and assign tax solutions
16. For US Based entities, can create a custom tax solution OR subscribe
to?: Avalara AvaTax
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