Once you have completed setting up your company parameters in Sage 50c Pastel Partner, one major task you must perform is to create and edit customer categories, sales analysis codes, customer accounts and customer masterfiles. FNC Bank has thousands of customers and as the senior computerized bookkeeper you are required to capture all their details accurately on the system. What is the relevance of a comma when capturing customers’ or suppliers’ names in Sage 50c Pastel Partner?Group of answer choicesA. Sage 50c Pastel Partner always reverses the names around the comma.B. Sage 50c Pastel Partner always ends the names after the full stop.C. Sage 50c Pastel Partner always ends the names after the comma.D. Sage 50c Pastel Partner always reverses the names around the full stop.

Once you have completed setting up your company parameters in Sage 50c Pastel Partner, one major task you must perform is to create and edit customer categories, sales analysis codes, customer accounts and customer masterfiles. FNC Bank has thousands of customers and as the senior computerized bookkeeper you are required to capture all their details accurately on the system. The screenshot displayed below shows that you set the early terms as “2.5% within 30 days from invoice date”. What is the impact of such terms? Group of answer choicesA. The customer will qualify for a discount of 2.5% if payment is made within 30 days from the invoice dateB. The customer will qualify for a discount of 2.5% if payment is made within 60 days from the invoice dateC. The customer will qualify for a discount of 2.5% if payment is made within 90 days from the invoice dateD. The customer will qualify for a discount of 5% if payment is made within 30 days from the invoice date

The FNC Bank has many suppliers and your supervisor has instructed you, as the senior computerized bookkeeper, to accurately capture all supplier details onto the system.When you are working in Sage 50c Pastel Partner creating supplier accounts, you are required to capture the “”Normal Terms” offered by  every supplier. Which of the following is part of the “Normal Terms” tab?Group of answer choicesA. 45 daysB. CurrentC. 72 daysD. 21 days

Once you have successfully created your company in Sage 50c Pastel Partner, your next major task, as a senior computerized bookkeeper of FNC Bank is to set up your company’s parameters using the Auto Setup Assistant.When setting up Entry Types in Sage 50c Pastel Partner, one of the options given is “No”. What do you use this option for? Group of answer choicesA. Entry type numberB. General ledger account numberC. Cashbook numberD. Home or foreign currency

As a senior computerized bookkeeper of FNC Bank, one of the major tasks you are required to perform after successfully installing your Sage 50c Pastel Partner and mastering the navigation skills, is to create your company onto the software. First you will need to gather all the information required prior to creating your company and then use the Setup Assistant to create your company.When you are processing debtors in Sage 50c Pastel Partner, you have two options, which are:  Open Item and Balance Forward. What is the implication of selecting Open Item over Balance Forward?Group of answer choicesA. With Balance Forward, you can choose between day–based and monthly termsB. With Open item, you simply enter a payment and Pastel approximates the ageingC. With Open Item, you can choose between day–based and monthly termsD. With Balance Forward, you allocate payments to one or more invoices and it gives accurate ageing

When you are working in Sage 50c Pastel Partner processing records, you are bound to make errors from time to time. Examples of errors that you can make are payment misallocations and mistakes on scheduled invoices. As the senior computerised bookkeeper of FNC Bank, you will need to correct these errors. You will also need to take on balances.When you are working in Sage 50c Pastel Partner processing records, which of the following lets you control how the project code field defaults on new lines?Group of answer choicesA. Repeat projectsB. Repeat DescriptionsC. Invoke open itemD. Show Balloon Tip