IMPLEMENTING SAGE INTACCT EXAM | COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS |
LATEST UPDATE (2026) | ALREADY GRADED A+
ME-001: Intercompany transactions
Requirement: Requirement: System should automatically record an intercompany due to/due
from transaction when one entity pays a bill that belongs to another entity.
1. Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -a. Standard functionality
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction
when one entity pays a bill that belongs to another entity.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -Company >
Setup > Configuration > Entities
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction
when one entity pays a bill that belongs to another entity.
Solution Description - CORRECT ANSWER -The journal entry is automatically created based
on the settings defined on the Inter-entity Setup page. Related permissions: Company > Entities:
List, View, Add, Edit, Delete
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
,Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -Standard functionality
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -Company >
Admin > Users, roles & groups > Users
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
Solution Description - CORRECT ANSWER -On the User Entity tab, users can be restricted to
only access and record data for specific entities. Related permissions: Administrative
Permissions > Users: List, View, Add, Edit, Delete, Permissions
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -a. Standard functionali
,GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -General Ledger
> All > Accounts > General Ledger Accounts
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Solution Description - CORRECT ANSWER -No configuration needed. Related permissions:
Journal Entries: Reverse
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as
employee headcount and square footage.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -Standard functionality
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as
employee headcount and square footage.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -General Ledger
> All > Accounts > Statistical accounts
, GL-002:HAccountsH
Requirement:HSystemHshouldHsupportHrecordingHnon-
monetaryHnumericHtransactions,HsuchHasHemployeeHheadcountHandHsquareHfootage.
SolutionHDescriptionH-HCORRECTHANSWERH-
NoHconfigurationHneeded.HRelatedHpermissions:HStatisticalHJournalHEntries:HList,HView,HAdd,HEdit
,HDelete,HReverse
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
SolutionHtype
a.HStandardHfunctionality
b.HWorkaround
c.HMarketplaceHsolutionH-HCORRECTHANSWERH-a.HStandardHfunctionality
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
WhereHsolutionHisHfoundHinHSageHIntacctH(ifHapplicable)H-HCORRECTHANSWERH-
SetHtheHoptionHIfHfutureHGLHpostingHdateHtoHAllowHandHwarn.HRelatedHpermissions:HAdministrativ
eHPermissionsH>HApplicationHSubscriptions:HConfigure
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
SolutionHDescriptionH-HCORRECTHANSWERH-GeneralHLedgerHConfiguration
GL-004:HJournalHentriesH
Requirement:HSystemHshouldHsupportHreversingHjournalHentries
QUESTIONS AND CORRECT DETAILED ANSWERS |
LATEST UPDATE (2026) | ALREADY GRADED A+
ME-001: Intercompany transactions
Requirement: Requirement: System should automatically record an intercompany due to/due
from transaction when one entity pays a bill that belongs to another entity.
1. Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -a. Standard functionality
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction
when one entity pays a bill that belongs to another entity.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -Company >
Setup > Configuration > Entities
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction
when one entity pays a bill that belongs to another entity.
Solution Description - CORRECT ANSWER -The journal entry is automatically created based
on the settings defined on the Inter-entity Setup page. Related permissions: Company > Entities:
List, View, Add, Edit, Delete
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
,Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -Standard functionality
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -Company >
Admin > Users, roles & groups > Users
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific
entities.
Solution Description - CORRECT ANSWER -On the User Entity tab, users can be restricted to
only access and record data for specific entities. Related permissions: Administrative
Permissions > Users: List, View, Add, Edit, Delete, Permissions
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -a. Standard functionali
,GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -General Ledger
> All > Accounts > General Ledger Accounts
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger
accounts.
Solution Description - CORRECT ANSWER -No configuration needed. Related permissions:
Journal Entries: Reverse
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as
employee headcount and square footage.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - CORRECT ANSWER -Standard functionality
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as
employee headcount and square footage.
Where solution is found in Sage Intacct (if applicable) - CORRECT ANSWER -General Ledger
> All > Accounts > Statistical accounts
, GL-002:HAccountsH
Requirement:HSystemHshouldHsupportHrecordingHnon-
monetaryHnumericHtransactions,HsuchHasHemployeeHheadcountHandHsquareHfootage.
SolutionHDescriptionH-HCORRECTHANSWERH-
NoHconfigurationHneeded.HRelatedHpermissions:HStatisticalHJournalHEntries:HList,HView,HAdd,HEdit
,HDelete,HReverse
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
SolutionHtype
a.HStandardHfunctionality
b.HWorkaround
c.HMarketplaceHsolutionH-HCORRECTHANSWERH-a.HStandardHfunctionality
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
WhereHsolutionHisHfoundHinHSageHIntacctH(ifHapplicable)H-HCORRECTHANSWERH-
SetHtheHoptionHIfHfutureHGLHpostingHdateHtoHAllowHandHwarn.HRelatedHpermissions:HAdministrativ
eHPermissionsH>HApplicationHSubscriptions:HConfigure
GL-003:HJournalHentriesH
Requirement:HSystemHshouldHdisplayHaHwarningHifHtheHuserHtriesHtoHpostHaHjournalHentryHwithHaHda
teHinHaHfutureHperiod.
SolutionHDescriptionH-HCORRECTHANSWERH-GeneralHLedgerHConfiguration
GL-004:HJournalHentriesH
Requirement:HSystemHshouldHsupportHreversingHjournalHentries
