Implement financial management
35–40% - Design the chart of accounts, financial dimensions, tags, ledgers, currencies, and journals.
- Implement cash and bank management, including reconciliations and customer and vendor netting.
- Perform period close, consolidation, eliminations, and sales tax configuration and settlement.
Practice Financial Management Questions →
Implement accounts receivable, credit, collections, and subscription billing
15–20% - Configure customers, free text invoices, posting profiles, payments, and intercompany invoices.
- Manage credit holds, collection letters, aged balances, write-offs, and interest notes.
- Configure subscription billing schedules, milestones, and revenue and expense deferrals.
Practice Accounts Receivable & Billing Questions →
Implement and manage accounts payable and expenses
10–15% - Configure vendors, invoice matching, charges, recurring invoices, and vendor payments.
- Configure expense categories, per diem, mileage, and expense reports.
Practice Accounts Payable & Expenses Questions →
Manage fixed assets
10–15% - Configure asset groups, books, posting profiles, and depreciation profiles.
- Process acquisitions, depreciation, splits, transfers, and disposals.
Practice Fixed Assets Questions →