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Implementing Sage Intacct 144 Questions and Answers
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Implementing Sage Intacct 144 Questions and Answers
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Implementing Sage Intacct 144 Questions and Answers 2023/2024ME-001: Intercompany transactions Requirement: Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity. 1. Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️a. Standard functionality
ME-001: Intercompany transactions Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity.
Where solution is found in Sage Intacct (if applicable) - ✔️Company > Setup > Configuration > Entities
ME-001: Intercompany transactions Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity.
Solution Description - ✔️The journal entry is automatically created based on the settings defined on the Inter-entity Setup page. Related permissions: Company > Entities: List, View, Add, Edit, Delete
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific entities.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️Standard functionality
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific entities.
Where solution is found in Sage Intacct (if applicable) - ✔️Company > Admin > Users, roles & groups > Users
ME-002: User access Requirement: System should support restricting users to viewing and entering data in specific entities.
Solution Description - ✔️On the User Entity tab, users can be restricted to only access and record data for specific entities. Related permissions: Administrative Permissions > Users: List, View, Add, Edit, Delete, Permissions
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️a. Standard functionali
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.
Where solution is found in Sage Intacct (if applicable) - ✔️General Ledger > All > Accounts > General Ledger Accounts
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.
Solution Description - ✔️No configuration needed. Related permissions: Journal Entries: Reverse
GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️Standard functionality
GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.
Where solution is found in Sage Intacct (if applicable) - ✔️General Ledger > All > Accounts > Statistical accounts
GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.
Solution Description - ✔️No configuration needed. Related permissions: Statistical Journal Entries: List, View, Add, Edit, Delete, Reverse
GL-003: Journal entries Requirement: System should display a warning if the user tries to post a journal entry
with a date in a future period.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️a. Standard functionality
GL-003: Journal entries Requirement: System should display a warning if the user tries to post a journal entry
with a date in a future period.
Where solution is found in Sage Intacct (if applicable) - ✔️Set the option If future GL posting date to Allow and warn. Related permissions: Administrative Permissions > Application Subscriptions: Configure
GL-003: Journal entries Requirement: System should display a warning if the user tries to post a journal entry
with a date in a future period.
Solution Description - ✔️General Ledger Configuration
GL-004: Journal entries Requirement: System should support reversing journal entries
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔️a. Standard functionality
GL-004: Journal entries Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - ✔️On the journal entry or journal entry list, select Reverse.
GL-004: Journal entries Requirement: System should support reversing journal entries
Solution Description - ✔️No configuration needed. Permissions needed: Journal Entries: Reverse
GL-005: Journal entries Requirement:System should support recurring journal entries.
a. Standard functionality
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