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WorksheetsBanking
Total questions: 35
Worksheet time: 18mins
What are the features that you should enable before creating transactions in banking?
Credit card payments
ACH vendor payments
Charge-based Billing
Electronic funds transfers
Payment Instruments
What are the two types of bank transfer?
Two bank accounts
Two bank accounts with same currency
Two bank accounts with foreign currencies
Base currency to any foreign currency
What GL account is cleared when Make Deposits transaction is used?
Customer Deposits
Assets Account
Undeposited Funds
ACH Vendor Payment
What are the transactions that you can record as fund deposit?
Cash
Check
Electronic Credit
Credit Card
Debit Card
What type of account is Petty Cash?
Expense Account
Check
Credit Card Account
Bank Account
How many Star Wars movies are there (not including spin-offs like Rogue One: A Star Wars Story and Solo)?
6
9
12
15
This report lists the reconciled and unreconciled items from a bank account.
Bank Register Report
Reconciliation Detail Report
Reconciliation Summary Report
Reconciliation History Report
ACH processing enables you to do the following except:
Pay employees by depositing money directly into their bank accounts
Accept electronic payments from your customers
Generate check verification
Send electronic payments to your vendors
TRUE or FALSE: You can save your bank reconciliation to work on later.
TRUE
FALSE
Shows the statement date, bank account, statement balance, amount reconciled for the statement, previous reconciled balance and any differences.
Bank Register Report
Reconciliation Detail Report
Reconciliation Summary Report
Reconciliation History Report
Enables use of statement import and side-by-side reconciliation page for Bank and Credit Card accounts.
Online Banking Data Upload
Account Import Field Mapping
Side-by-Side Reconciliation Page
Intelligent Transaction Mapping
Who is the first Disney princess with a tattoo?
Moana
Pocahontas
Mulan
Merida
This lists all transactions for a particular bank account.
Bank Register Report
Reconciliation Detail Report
Reconciliation Summary Report
Reconciliation History Report
What are the steps to reconcile account statement?
Import/Print statement from bank
Submit bank statement
Match bank data
Reconcile account statement
FILL IN THE BLANK: Customer payments are typically posted to the _____ funds account rather than to a specific bank account to prevent a lag time between the amount shown on the books and the bank balance.
Deposited
Undeposited
Returned
Unposted
In a financial report, which row type displays the same unmodified data from another row?
Header Row
Echo Row
Reference Row
Text Row
This authorizes the transfer of funds from your account to vendor's bank to pay for bills.
Customer CC Processing
Credit Card Gateway
ACH Vendor payments
Electronic Funds Transfer
What happens when a multi-currency feature is enabled for Bank accounts?
It can be denominated in multiple currencies
It has to follow the currency of its subsidiary
It can be used in the Root subsidiary
It can be denominated in any one currency
Includes previous and ending bank balance amounts.
Bank Register Report
Reconciliation Detail Report
Reconciliation Summary Report
Reconciliation History Report
What's the title of the upcoming Thor movie?
Thor: The Eternals Saga
Thor vol. 4
Thor: Love and Thunder
Thor: Disassembled
Which report shows the toal value of current assets?
Cash Flow Statement
Balance Sheet
Income Statement
General Ledger
In a financial report, this provides the total of any sections between the row and header.
Footer
Header row
Summary row
Comparative report
Who should approve when you create a cash sale, sales order or customer payment with EFT?
Accounting Analyst
Admin
Purchasing Manager
Sales Manager
This is a measurement that shows key variances and over-time trends.
Balance Sheet
Income Statement
Financial Statement
KPI
Gross Profit
What are some of the examples of payment processing options available in NS?
Credit Card
PayPal Express
Gcash
Online Bill Pay
Electronic Payments
What’s the name of the ice cream parlor Steve and Robin work at in season three of Stranger Things?
Scoops Ahoy!
Scoopy Doo
Ice Cream Boat
I-Scream
This is used to customize statements by using layouts to arrange and format data.
Financial Report Builder
Report Builder
Reconciliation Report
Summary
What are the features that ACH use?
ACH Vendor
Customer CC Processing
Direct Deposit
Electronic Funds Transfer
How will you be able to transfer funds to pay for your credit cards?
Set up ACH Vendor Payment
Set up Credit Card accounts as bank accounts
Use Electronic Payments
Set up your expense accounts
What happens if you reconcile bank statements?
The reconciled transactions will be deleted
Once an account reconciliation is started, you are not allowed to resume at a later time
The transaction will be marked as cleared
When reconciling bank statements, how can you post the interest accrued?
By using the New Deposits subtab
Undeposited Funds
Create a Journal Entry
Post a Write Check Transaction
What modern-day item made a cameo in the final season of Game of Thrones?
An iPhone
A Starbucks cup
A car key
A water bottle
What are the components to the redesigned reconciliation feature?
Account Setup
Online Banking Data Upload
Intelligent Transaction Matching
Account reconciliation side-by-side page
What are the transactions that you should verify when reconciling your credit card account and ledger account?
Fees and chargebacks
Payments and credits
Interests accrued
Charge and cash advances
This does not use a layout and is customized by using the Report Builder
Income Statement
Reports
Financial Statement
Budget Income Statement
