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Sage Intacct Implementation Questions & answers
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Sage Intacct Implementation Questions & answers
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Sage Intacct ImplementationGeneral 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? - ANS-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? -
ANS-Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment? - ANS-Location
General Ledger: What would cause a JL journal entry to fail? - ANS-Modifying template
header titles
General Ledger: What do you enable to require approvals for all transactions in a
particular journal? - ANS-Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - ANS-Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a
specific period? - ANS-Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? -
ANS-Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL
Accounts when using Advanced Workflows in the purchasing application? - ANS-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? -
ANS-Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor? -
ANS-Item
, Purchasing: How does the system determine what type of transactions require aproval,
what approvals are required, and the sequence of approvals? - ANS-Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account
pair defined? - ANS-Transaction Posting set to Accounts Payable
Accounts Receivables: What would you view to see all of the following information:
customer aging info, amount due and amount paid, and total payments received? -
ANS-Statement
Accounts Receivables: What transaction type decreases the amount a customer owes
you? - ANS-Credit memo
Accounts Receivables: What customer account type causes the system to apply
customer payments against the total balance due? - ANS-Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts
when entering customer invoices? - ANS-Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on
the full transaction amount or total line items only? - ANS-AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the
General Ledger? - ANS-Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for
customers and transactions? - ANS-Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you
from deleting updating invoices? - ANS-Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is
available only if you have enabled what feature in AR Configuration? - ANS-Account
Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash
in Accounts Receivables? - ANS-Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a
.csv import template? - ANS-CUST_NAME
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