Sage Intacct Implementation Exam Questions and Correct Answers
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Course
Sage Intacct Implementation
Institution
Sage Intacct Implementation
Sage Intacct Implementation Exam Questions and Correct Answers
Accounts Payable: AP approvals are based on what amount? - ANSWER-Bill Amount
.Accounts Payable: How can vendors be organized into categories for reporting? - ANSWER-Vendor types
.Accounts Payable: How can you edit accounting inf...
Sage Intacct Implementation Exam
Questions and Correct Answers
Accounts Payable: AP approvals are based on what amount? - ANSWER-Bill Amount
.Accounts Payable: How can vendors be organized into categories for reporting? -
ANSWER-Vendor types
.Accounts Payable: How can you edit accounting information on both partially and fully
paid bills and adjustments? - ANSWER-Reclassification
.Accounts Payable: In a cash basis company, when does the system post a vendor's bill
expense account to the General Ledger? - ANSWER-
.Accounts Payable: What determines a vendor's payment due date, discounts for early
payment and penalties for late payment? - ANSWER-AP Terms
.Accounts Payable: What is the status of a vendor bill that can be reversed? -
ANSWER-Unpaid
.Accounts Payable: What marks a check number unavailable for re-use and makes the
vendor bill available to be paid again? - ANSWER-Voiding a check
.Accounts Payable: What record separates cash and accrual transactions for reporting
in the AP configuration screen? - ANSWER-Journals
.Accounts Payable: What transaction type increases the amount you owe to a vendor? -
ANSWER-Credit Memo
.Accounts Payable: Where do you enter a vendor bill that needs to include line items
from two separate entities in a multi-entity shared environment? - ANSWER-Top Level
.Accounts Payable: Which report displays a list of vendors to whom you owe or owed
money and how many days you are past due? - ANSWER-Vendor Aging
.Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is
available only if you have enabled what feature in AR Configuration? - ANSWER-
Account Labels
.Accounts Receivables: How are new IDs or numbers automatically generated for
customers and transactions? - ANSWER-Document Sequencer
.Accounts Receivables: How do you ensure Customer Invoices have no impact on the
General Ledger? - ANSWER-Import AR Invoices and select historical posting
, .Accounts Receivables: How do you post an undeposited funds payment receipt to cash
in Accounts Receivables? - ANSWER-Create a deposit
.Accounts Receivables: What accounts Receivable configuration option prevents you
from deleting updating invoices? - ANSWER-Enable Reversal of Unpaid Invoices
.Accounts Receivables: What customer account type causes the system to apply
customer payments against the total balance due? - ANSWER-Balance forward
.Accounts Receivables: What determines how customer discounts can be calculated on
the full transaction amount or total line items only? - ANSWER-AR Terms
.Accounts Receivables: What feature provides user-friendly names for GL accounts
when entering customer invoices? - ANSWER-Account Labels
.Accounts Receivables: What field name must be unique when importing customers in a
.csv import template? - ANSWER-CUST_NAME
.Accounts Receivables: What transaction type decreases the amount a customer owes
you? - ANSWER-Credit memo
.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? -
ANSWER-Statement
.Cash Management: What check printing option requires ordering check stock in
advance, using separate check stock for each checking account, and printing from one
checking account at a time? - ANSWER-Pre-printed check stock
.Cash Management: What creates vendor bills from existing credit card transactions in
Cash Management? - ANSWER-Charge payoffs
.Cash Management: What field in a checking account keeps transactions separate
when you reconcile accounts and must be unique - ANSWER-GL account
.Cash Management: What reconciliation method matches up cleared items for you to
examine before reconciling the checking account? - ANSWER-Auto-match with review
.Cash Management: What record is associated with a credit card so you can pay off
charges using Accounts Payable and must be unique? - ANSWER-Vendor
.Cash Management: When entity 1 pays a bill for entity 2, an inter-entity transaction is
created based on what field in entity 1's checking account? - ANSWER-Location ID
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