Questions and Correct Detailed Answers Already
Graded A+
What are the characteristics of a deleted journal entry?
a. does not appear in the audit trail
b. can be recovered from trash bin and posted
c. creates an offset transaction so the 2 transactions net to zero. - CORRECT
ANSWER-A. does not appear in the audit trail.
You try to add a transaction for the express bank credit card, but that credit card
does not show in the drop-down menu. What could cause this?
a. credit card expiration date is in the past
b. you do not have permission to that credit card
c. the credit card needs a vendor assigned. - CORRECT ANSWER-A - credit card
expiration date is in the past.
Note:
,- expired credit cards cannot be used in transactions.
- permissions cannot be assigned to individual credit cards
- credit cards must have a vendor, but the vendor is selected when the credit card
is set up (would not cause this issue).
True or False: Each bank account must have a unique General Ledger Account. -
CORRECT ANSWER-True - one GL account per bank account.
Does not have to align with conventional calendar year format of Jan - Dec.
True or False: Sub-accounts are included in the main GL account for reporting. -
CORRECT ANSWER-False - sub-accounts provide a longer, more distinguishable
GL account number. Sub-accounts do not 'roll-up' to any other GL account for
reporting.
What dimension status does NOT allow the dimension to be used in a
transaction? (select all that apply).
A. Active
B. Active non-posting
C. Inactive - CORRECT ANSWER-B & C - active non-posting and inactive cannot
be used when creating transactions. However, for reporting, both active and
, active non-posting can be used. Inactive is not including in transactions or
reporting.
Which type of user can have administrative privileges?
a. Business
b. Employee
c. Project Manager
d. Platform - CORRECT ANSWER-A. Business User
How can you use the employee dimension? (select all that apply)
a. employees log in to Sage Intacct
b. Assign employees as department managers
c. transactions can be coded to employees
d. assign permissions to employees - CORRECT ANSWER-B & C - you cannot
assign permissions to employees. Permissions can only be assigned to users. Also,
employees are not granted login access to Sage Intacct, this is only for users.