SAGE INTACCT IMPLEMENTATION EXAM QUESTIONS WITH VERIFIED SOLUTIONS GRADED A+

SAGE INTACCT IMPLEMENTATION EXAM 2023- 2024 QUESTIONS WITH VERIFIED SOLUTIONS GRADED A+ General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - CORRECT ANSWER Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - CORRECT ANSWER Enforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? - CORRECT ANSWER Location General Ledger: What would cause a JL journal entry to fail? - CORRECT ANSWER Modifying template header titles General Ledger: What do you enable to require approvals for all transactions in a particular journal? - CORRECT ANSWER Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? - CORRECT ANSWER Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? - CORRECT ANSWER Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? - CORRECT ANSWER Adjusting SAGE INTACCT IMPLEMENTATION EXAM 2023- 2024 QUESTIONS WITH VERIFIED SOLUTIONS GRADED A+ Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when using Advanced Workflows in the purchasing application? - CORRECT ANSWER Item GL Group Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO transaction definition controls how you would process this transaction? - CORRECT ANSWER Partial Conversion Handling Purchasing: What dimension represents goods or services purchased from a vendor? - CORRECT ANSWER Item Purchasing: How does the system determine what type of transactions require aproval, what approvals are required, and the sequence of approvals? - CORRECT ANSWER Approval Policies Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? - CORRECT ANSWER Transaction Posting set to Accounts Payable Accounts Receivables: What would you view to see all of the following information: customer