Processing sales invoices MCQs on Peach Tree

1. Which Peachtree menu option allows you to create a new sales invoice?
   a) Sales & Receivables
   b) Transactions
   c) Customers & Sales
   d) Invoices & Payments
   Answer: d) Invoices & Payments
2. When processing a sales invoice, what information is typically included on the invoice?
   a) Customer name, invoice date, item details, and amount due
   b) Payment terms, sales tax, and delivery date
   c) Salesperson, invoice number, and shipping address
   d) Payment method, invoice total, and discount applied
   Answer: a) Customer name, invoice date, item details, and amount due
3. How can you apply a discount to a sales invoice in Peachtree?
   a) Enter the discount amount directly in the invoice line item
   b) Apply a discount in the Payment Terms section
   c) Use the Discount tab in the Sales Invoice module
   d) Adjust the invoice total manually
   Answer: a) Enter the discount amount directly in the invoice line item
4. What action should you take to record a partial payment against a sales invoice in Peachtree?
   a) Create a new payment and apply it to the open invoice
   b) Edit the invoice to reflect the partial payment
   c) Adjust the invoice amount to the partial payment value
   d) Use the Apply Payment option in the Sales Invoice module
   Answer: a) Create a new payment and apply it to the open invoice
5. Which Peachtree feature allows you to print or email a sales invoice?
   a) Print/Email Invoice
   b) Output Options
   c) Invoice Report
   d) Print/Preview
   Answer: d) Print/Preview
6. How can you view the history of a sales invoice after it has been processed?
   a) Use the Invoice History feature in the Sales module
   b) Access the Customer Transaction History
   c) Review the Sales Journal Report
   d) Check the Invoice Log in the Accounts Receivable module
   Answer: b) Access the Customer Transaction History
7. What is the purpose of the ‘Invoice Date’ field on a sales invoice in Peachtree?
   a) To specify when the invoice was issued
   b) To determine the due date for the payment
   c) To record the date of delivery
   d) To set the invoice’s tax rate
   Answer: a) To specify when the invoice was issued
8. Which report in Peachtree shows all sales invoices and their payment statuses?
   a) Sales Invoice Report
   b) Aged Receivables Report
   c) Invoice Summary Report
   d) Customer Sales Report
   Answer: b) Aged Receivables Report
9. How can you correct an error on a sales invoice after it has been recorded?
   a) Use the Credit Memo feature to reverse the original invoice
   b) Edit the invoice directly and save the changes
   c) Delete the invoice and create a new one
   d) Adjust the invoice details through the Invoice History
   Answer: a) Use the Credit Memo feature to reverse the original invoice
10. What should you do if you need to issue a refund for a sales invoice in Peachtree?
    a) Create a refund check and apply it to the invoice
    b) Use the Credit Memo feature to adjust the invoice
    c) Record a negative payment entry against the invoice
    d) Generate a refund report and process manually
    Answer: b) Use the Credit Memo feature to adjust the invoice

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