ITEMS 101 - SAGE IMPLEMENTATION STUDY GUIDE |NEW QUESTIONS & ANSWERS FOR GUARANTEED PASS

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ITEMS 101 - SAGE IMPLEMENTATION STUDY
GUIDE |NEW QUESTIONS & ANSWERS FOR
GUARANTEED PASS




Location ID's cannot be changed so it is best to use _________________ IDs in
case the location name changes later. - Correct-answer-numeric




True or False: The location NAME can be updated at any time? - Correct-answer-
True




If all entities have the same Base currencies, you can run the
___________________ reports at the top level for consolidated reporting. -
Correct-answer-Financial




If you enabled multiple base currencies, you will need which application for
consolidated reporting? - Correct-answer-Global Consolidations




If a division or association has a separate Tax ID from the rest of the organization,
it MUST be a(n) _____________________. - Correct-answer-Entity

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Prior to configuring taxes, the user must have access to the company AND
_________________ applications. - Correct-answer-General Ledger




To configure taxes, what 5 steps should you follow? - Correct-answer-1. Update
Company Settings

2. Subscribe to Taxes

3. Subscribe to Cloud Services

4. Update User Permissions

5. Create and assign tax solutions




For US Based entities, can create a custom tax solution OR subscribe to? - Correct-
answer-Avalara AvaTax

When using a multiple base currency environment, which mapping type is
recommended? - Correct-answer-Advanced IET (inter entity transactions)
Mapping




Inter-Entity transactions are coded to ONLY the _______________________
dimension; all other dimension coding is removed. - Correct-answer-Location