1|Page
Sage Intacct Implementation Exam ||Verified Exam!!!||
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You create a new bank account that needs to be available
to 3 of your 4 entities. How can you do this?
a. on the bank account restrictions tab, restrict to top level
only.
b. on the bank account restrictions tab, select the
locations/entities where you want to use the account.
c. on the entities, assign the bank accounts.
d. on the Multi-entity management configuration, assign
the bank accounts. - Answer-B - on the bank account
restrictions tab, select the locations/entities where you
want to use the account. If you do not see the restrictions
tab, go to Multi-Entity Mgmt configuration and enable
restrictions for checking accounts and saving accounts.
How do you record a bill and payment outside the normal
AP process?
,2|Page
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance - Answer-A. Manual Payment
You run the Vendor Aging report, and the amount on the
report does not match the balance in the AP GL account.
What could cause this? (select all that apply).
a. a general ledger entry was posted that affected the
Accounts Payable GL account
b. credit card entries are including on the vendor aging
report
c. the aging periods have overlapping day ranges
d. the reports were run for different time periods - Answer-
A, B, C, &D.
You paid a bill for a vendor. Due to a dispute, the vendor
later agrees to decrease the amount you owe. How do you
record this transaction?
, 3|Page
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance - Answer-C. adjustment > debit memo
Note:
a. manual payment is just a bill and payment posted
outside of normal AP process - does not decrease amount
on invoice
b. credit memo - increases amount you owe to vendor
d. advance - nope!
Which configuration option prevents invoices from being
deleted?
a. enable reclassification for invoices and adjustments
b. disable editing after posted transactions are printed or
emailed
c. enable reversal of unpaid invoices
d. enable account labels - Answer-C - enable reversal of
unpaid invoices
Sage Intacct Implementation Exam ||Verified Exam!!!||
Most Recent Exam Actual Complete Real Verified
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Newest Exam!!!
You create a new bank account that needs to be available
to 3 of your 4 entities. How can you do this?
a. on the bank account restrictions tab, restrict to top level
only.
b. on the bank account restrictions tab, select the
locations/entities where you want to use the account.
c. on the entities, assign the bank accounts.
d. on the Multi-entity management configuration, assign
the bank accounts. - Answer-B - on the bank account
restrictions tab, select the locations/entities where you
want to use the account. If you do not see the restrictions
tab, go to Multi-Entity Mgmt configuration and enable
restrictions for checking accounts and saving accounts.
How do you record a bill and payment outside the normal
AP process?
,2|Page
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance - Answer-A. Manual Payment
You run the Vendor Aging report, and the amount on the
report does not match the balance in the AP GL account.
What could cause this? (select all that apply).
a. a general ledger entry was posted that affected the
Accounts Payable GL account
b. credit card entries are including on the vendor aging
report
c. the aging periods have overlapping day ranges
d. the reports were run for different time periods - Answer-
A, B, C, &D.
You paid a bill for a vendor. Due to a dispute, the vendor
later agrees to decrease the amount you owe. How do you
record this transaction?
, 3|Page
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance - Answer-C. adjustment > debit memo
Note:
a. manual payment is just a bill and payment posted
outside of normal AP process - does not decrease amount
on invoice
b. credit memo - increases amount you owe to vendor
d. advance - nope!
Which configuration option prevents invoices from being
deleted?
a. enable reclassification for invoices and adjustments
b. disable editing after posted transactions are printed or
emailed
c. enable reversal of unpaid invoices
d. enable account labels - Answer-C - enable reversal of
unpaid invoices
