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Answer the following questions to see what you've learned.

1.

What do you need to set up to enable automatic applications if small payment differences exist?

On the general ledger setup, enter the Payment Tolerance % or Payment Tolerance Amount fields.

On the bank account card, select the Match Tolerance Type and the Match Tolerance value fields.

On the Sales & Receivables Setup page, enter the Max. Payment Diff. Allowed field.

On the customer card, enter the Payment Tolerance % or Payment Tolerance Amount fields.

2.

You modified the payment application rules, but now you want to revert to the default set of payment application rules. What is the best way to do this?

On the action menu of the Payment Application Rules window, select Restore Default Rules.

Use RapidStart Services to restore the default rules.

Open a company that has the default rules and export them to Microsoft Excel. In the company where you want to replace the modified rules with the default ones, use the Import from Excel function on the Payment Application Rules page.

You must reenter them manually.

You must answer all questions before checking your work.

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