Sage Intacct || Questions and Answers.
Which application do you create a vendor in? correct answers accounts payable
Which application do you create a customer in? correct answers accounts receivable
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
answers non closing account
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 answers enfore JE
balancing
General Ledger: What do you enable to require approvals for all transactions in a particular
journal? correct answers journal entry approvals
General Ledger: Which type of journal entry is used for posting to a closed period? correct
answers adjustment
Accounts Receivables: What transaction type decreases the amount a customer owes you?
correct answers credit memo
Accounts Receivables: What transaction type increases the amount a customer owes you? correct
answers debit memo
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in
Accounts Receivables? correct answers create a deposit
Reporting: How do you save a standard report with the present time periods, filters, and format
settings? correct answers memorize
, Reporting: A good way to see if your account groups are mapped correctly is to ... correct
answers view the account group hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals
and hierarchies in reports, and is reusable across multiple reports? correct answers account
groups
Reporting: What works in conjunction with reporting periods when running financial reports?
correct answers as of date
Accounts Payable: How can vendors be organized into categories for reporting? correct answers
vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment
and penalties for late payment? correct answers AP terms
Accounts Payable: How can you edit accounting information on both partially and fully paid
bills and adjustments? correct answers reclass
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? correct answers top level
Accounts Payable: What is the status of a vendor bill that can be reversed? correct answers
unpaid
Accounts Payable: What marks a check number unavailable for re-use and makes the vendor bill
available to be paid again? correct answers voiding
Accounts Payable: Which report displays a list of vendors to whom you owe or owed money and
how many days you are past due? correct answers vendor aging
Which application do you create a vendor in? correct answers accounts payable
Which application do you create a customer in? correct answers accounts receivable
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
answers non closing account
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 answers enfore JE
balancing
General Ledger: What do you enable to require approvals for all transactions in a particular
journal? correct answers journal entry approvals
General Ledger: Which type of journal entry is used for posting to a closed period? correct
answers adjustment
Accounts Receivables: What transaction type decreases the amount a customer owes you?
correct answers credit memo
Accounts Receivables: What transaction type increases the amount a customer owes you? correct
answers debit memo
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in
Accounts Receivables? correct answers create a deposit
Reporting: How do you save a standard report with the present time periods, filters, and format
settings? correct answers memorize
, Reporting: A good way to see if your account groups are mapped correctly is to ... correct
answers view the account group hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals
and hierarchies in reports, and is reusable across multiple reports? correct answers account
groups
Reporting: What works in conjunction with reporting periods when running financial reports?
correct answers as of date
Accounts Payable: How can vendors be organized into categories for reporting? correct answers
vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment
and penalties for late payment? correct answers AP terms
Accounts Payable: How can you edit accounting information on both partially and fully paid
bills and adjustments? correct answers reclass
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? correct answers top level
Accounts Payable: What is the status of a vendor bill that can be reversed? correct answers
unpaid
Accounts Payable: What marks a check number unavailable for re-use and makes the vendor bill
available to be paid again? correct answers voiding
Accounts Payable: Which report displays a list of vendors to whom you owe or owed money and
how many days you are past due? correct answers vendor aging
