Exploring additional modules or functionalities MCQs on Peach Tree

By: Prof. Dr. Fazal Rehman Shamil | Last updated: August 1, 2024

1. Which additional module in Peachtree is used for managing fixed assets and depreciation?
   a) Fixed Asset Management
   b) Inventory Management
   c) Job Costing
   d) Payroll
   Answer: a) Fixed Asset Management
2. What module would you use in Peachtree to handle complex inventory management across multiple locations?
   a) Multi-Site Inventory Management
   b) General Ledger
   c) Accounts Receivable
   d) Project Management
   Answer: a) Multi-Site Inventory Management
3. Which module in Peachtree allows for tracking and analyzing customer interactions and sales opportunities?
   a) Customer Relationship Management (CRM)
   b) Job Costing
   c) Payroll
   d) Fixed Asset Management
   Answer: a) Customer Relationship Management (CRM)
4. What is the purpose of the “Bank Reconciliation” module in Peachtree?
   a) To reconcile bank statements with recorded transactions
   b) To generate financial statements
   c) To manage accounts payable
   d) To handle payroll processing
   Answer: a) To reconcile bank statements with recorded transactions
5. Which Peachtree module would be most useful for tracking project expenses and revenues in detail?
   a) Job Costing
   b) Fixed Asset Management
   c) Inventory Management
   d) Payroll
   Answer: a) Job Costing
6. What functionality does the “Payroll” module in Peachtree offer?
   a) Managing employee salaries, deductions, and benefits
   b) Handling inventory adjustments
   c) Tracking customer payments
   d) Reconciling bank accounts
   Answer: a) Managing employee salaries, deductions, and benefits
7. In Peachtree, which module helps you manage and generate detailed financial reports?
   a) Advanced Reporting
   b) Inventory Management
   c) Job Costing
   d) Bank Reconciliation
   Answer: a) Advanced Reporting
8. What is the role of the “Project Management” module in Peachtree?
   a) To plan, track, and manage project tasks and budgets
   b) To process sales invoices
   c) To handle employee payroll
   d) To reconcile bank accounts
   Answer: a) To plan, track, and manage project tasks and budgets
9. Which additional module in Peachtree assists with managing vendor information and purchase orders?
   a) Accounts Payable
   b) Customer Relationship Management
   c) Fixed Asset Management
   d) Project Management
   Answer: a) Accounts Payable
10. How can Peachtree’s “Fixed Asset Management” module enhance financial tracking?
    a) By automating the calculation of depreciation and managing asset records
    b) By processing payroll
    c) By tracking customer orders
    d) By reconciling bank statements
    Answer: a) By automating the calculation of depreciation and managing asset records

More MCQs on Peachtree

• Main navigation areas (e.g., Customers & Sales, Inventory & Services)
• Using menus and icons
• Accessing and customizing reports
• Customer and Sales Management MCQs
  • Creating and managing customer records
  • Processing sales invoices
  • Handling sales returns and adjustments
• Inventory Management MCQs
  • Setting up and maintaining inventory items
  • Recording inventory purchases and adjustments
  • Tracking inventory levels and costs
• Vendor and Purchasing MCQs
  • Creating and managing vendor records
  • Recording purchase orders and bills
  • Handling vendor payments and adjustments
• Accounts Payable and Receivable MCQs
  • Managing accounts payable (AP) and accounts receivable (AR)
  • Generating and paying bills
  • Invoicing customers and receiving payments
• General Ledger and Journal Entries MCQs
  • Understanding the general ledger structure
  • Recording and adjusting journal entries
  • Managing and reconciling accounts
• Payroll and Employee Management MCQs
  • Setting up employee records
  • Processing payroll and employee deductions
  • Handling employee benefits and taxes
• Financial Statements and Reports MCQs:
  • Generating and interpreting financial statements (e.g., Balance Sheet, Income Statement)
  • Customizing and analyzing reports
  • Understanding key financial metrics
• Backup and Data Management MCQs
  • Performing and restoring backups
  • Managing data integrity and security
  • Handling data migrations and updates
• System Configuration and Setup MCQs
  • Setting up company information and preferences
  • Customizing forms and templates
  • Configuring system settings and user permissions
• Troubleshooting and Support MCQs
  • Common issues and solutions
  • Accessing help resources and support
  • Performing basic troubleshooting steps
• Integration and Advanced Features MCQs
  • Integrating with other software or systems
  • Using advanced features like job costing or project management
  • Exploring additional modules or functionalities MCQs