Sage Intacct Implementation Exam with Verified Answers Graded A+
General Ledger: What rolls an account's ending balance, for each
reporting period into the retained earnings accounts, effectively Non-closing accounts
making the balance forward for the account zero?
General Ledger: What GL configuration option prevents users
from entering a journal entry or other transaction that does not Enforce JE balancing
balance for the current dimension?
General Ledger: What does an entity translate to for transacting
Location
in a multi-entity shared environment?
General Ledger: What would cause a JL journal entry to fail? Modifying template header titles
General Ledger: What do you enable to require approvals for all
Journal Entry approvals
transactions in a particular journal?
General Ledger: What records are used to track non financial
Statistical Accounts
data, such as employee headcount or the number of members?
General Ledger: What process prevents entries and/or changes
Closing the books
to a ledger for a specific period?
General Ledger: Which type of journal entry is used for posting to
Adjusting
a closed period?
Purchasing: What enables to categorize items for the purpose of
posting to specific GL Accounts when using Advanced Workflows Item GL Group
in the purchasing application?
Purchasing: PO for a certain qty of item, need to pay for lesser
qty. What setting in the PO transaction definition controls how you Partial Conversion Handling
would process this transaction?
Purchasing: What dimension represents goods or services pur-
Item
chased from a vendor?
Purchasing: How does the system determine what type of trans-
actions require aproval, what approvals are required, and the Approval Policies
sequence of approvals?
Purchasing: What transaction definition setting requires at least
Transaction Posting set to Accounts Payable
one debit/credit account pair defined?
Accounts Receivables: What would you view to see all of the fol-
lowing information: customer aging info, amount due and amount Statement
paid, and total payments received?
Accounts Receivables: What transaction type decreases the
Credit memo
amount a customer owes you?
Accounts Receivables: What customer account type causes the
system to apply customer payments against the total balance Balance forward
due?
Accounts Receivables: What feature provides user-friendly names
for GL accounts when entering customer invoices? Account Labels
Accounts Receivables: What determines how customer discounts
can be calculated on the full transaction amount or total line items AR Terms
only?
Accounts Receivables: How do you ensure Customer Invoices
have no impact on the General Ledger? Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatical-
ly generated for customers and transactions? Document Sequencer
Accounts Receivables: What accounts Receivable configuration
option prevents you from deleting updating invoices? Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on cus-
tomer Invoices is available only if you have enabled what feature Account Labels
in AR Configuration?
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General Ledger: What rolls an account's ending balance, for each
reporting period into the retained earnings accounts, effectively Non-closing accounts
making the balance forward for the account zero?
General Ledger: What GL configuration option prevents users
from entering a journal entry or other transaction that does not Enforce JE balancing
balance for the current dimension?
General Ledger: What does an entity translate to for transacting
Location
in a multi-entity shared environment?
General Ledger: What would cause a JL journal entry to fail? Modifying template header titles
General Ledger: What do you enable to require approvals for all
Journal Entry approvals
transactions in a particular journal?
General Ledger: What records are used to track non financial
Statistical Accounts
data, such as employee headcount or the number of members?
General Ledger: What process prevents entries and/or changes
Closing the books
to a ledger for a specific period?
General Ledger: Which type of journal entry is used for posting to
Adjusting
a closed period?
Purchasing: What enables to categorize items for the purpose of
posting to specific GL Accounts when using Advanced Workflows Item GL Group
in the purchasing application?
Purchasing: PO for a certain qty of item, need to pay for lesser
qty. What setting in the PO transaction definition controls how you Partial Conversion Handling
would process this transaction?
Purchasing: What dimension represents goods or services pur-
Item
chased from a vendor?
Purchasing: How does the system determine what type of trans-
actions require aproval, what approvals are required, and the Approval Policies
sequence of approvals?
Purchasing: What transaction definition setting requires at least
Transaction Posting set to Accounts Payable
one debit/credit account pair defined?
Accounts Receivables: What would you view to see all of the fol-
lowing information: customer aging info, amount due and amount Statement
paid, and total payments received?
Accounts Receivables: What transaction type decreases the
Credit memo
amount a customer owes you?
Accounts Receivables: What customer account type causes the
system to apply customer payments against the total balance Balance forward
due?
Accounts Receivables: What feature provides user-friendly names
for GL accounts when entering customer invoices? Account Labels
Accounts Receivables: What determines how customer discounts
can be calculated on the full transaction amount or total line items AR Terms
only?
Accounts Receivables: How do you ensure Customer Invoices
have no impact on the General Ledger? Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatical-
ly generated for customers and transactions? Document Sequencer
Accounts Receivables: What accounts Receivable configuration
option prevents you from deleting updating invoices? Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on cus-
tomer Invoices is available only if you have enabled what feature Account Labels
in AR Configuration?
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