Sage Intacct Implementation Exam Questions and 100% Correct Answers 2024
163 views 7 purchases
Course
Sage
Institution
Sage
Sage Intacct Implementation Exam Questions and 100% Correct Answers 2024
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
Gene...
Sage Intacct Implementation Exam Questions and 100% Correct Answers 2024
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
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 aging info,
amount due and amount paid, and total payments received? - Correct Answer Statement
Accounts Receivables: What transaction type decreases the amount a customer owes you? - Correct Answer Credit memo
Accounts Receivables: What customer account type causes the system to apply customer payments against the total balance due? - Correct Answer Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when entering customer invoices? - Correct Answer Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full transaction amount or total line items only? - Correct Answer AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? - Correct Answer Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions? - Correct Answer Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices? - Correct Answer Enable Reversal of Unpaid Invoices
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 Winfred. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.69. You're not tied to anything after your purchase.
