Exam (elaborations)
Sage Intacct Implementation Questions & answers
Sage Intacct Implementation Questions & answers
[Show more]
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$16.53. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now