Sage Intacct Implementation UPDATED ACTUAL Questions
and CORRECT Answers
General Ledger: What rolls an account's ending balance, Non-closing accounts
for each reporting period into the retained earnings
accounts, effectively making the balance forward for the
account zero?
General Ledger: What GL configuration option prevents Enforce JE balancing
users from entering a journal entry or other transaction
that does not balance for the current dimension?
General Ledger: What does an entity translate to for Location
transacting in a multi-entity shared environment?
General Ledger: What would cause a JL journal entry to Modifying template header titles
fail?
General Ledger: What do you enable to require Journal Entry approvals
approvals for all transactions in a particular journal?
General Ledger: What records are used to track non Statistical Accounts
financial data, such as employee headcount or the
number of members?
General Ledger: What process prevents entries and/or Closing the books
changes to a ledger for a specific period?
General Ledger: Which type of journal entry is used for Adjusting
posting to a closed period?
Purchasing: What enables to categorize items for the Item GL Group
purpose of posting to specific GL Accounts when using
Advanced Workflows in the purchasing application?
Purchasing: PO for a certain qty of item, need to pay for Partial Conversion Handling
lesser qty. What setting in the PO transaction definition
controls how you would process this transaction?
Purchasing: What dimension represents goods or services Item
purchased from a vendor?
, Purchasing: How does the system determine what type of Approval Policies
transactions require aproval, what approvals are required,
and the sequence of approvals?
Purchasing: What transaction definition setting requires at Transaction Posting set to Accounts Payable
least one debit/credit account pair defined?
Accounts Receivables: What would you view to see all of Statement
the following information: customer aging info, amount
due and amount paid, and total payments received?
Accounts Receivables: What transaction type decreases Credit memo
the amount a customer owes you?
Accounts Receivables: What customer account type Balance forward
causes the system to apply customer payments against
the total balance due?
Accounts Receivables: What feature provides user- Account Labels
friendly names for GL accounts when entering customer
invoices?
Accounts Receivables: What determines how customer AR Terms
discounts can be calculated on the full transaction
amount or total line items only?
Accounts Receivables: How do you ensure Customer Import AR Invoices and select historical posting
Invoices have no impact on the General Ledger?
Accounts Receivables: How are new IDs or numbers Document Sequencer
automatically generated for customers and transactions?
Accounts Receivables: What accounts Receivable Enable Reversal of Unpaid Invoices
configuration option prevents you from deleting
updating invoices?
Accounts Receivables: Displaying tax and subtotal fields Account Labels
on customer Invoices is available only if you have
enabled what feature in AR Configuration?
Accounts Receivables: How do you post an undeposited Create a deposit
funds payment receipt to cash in Accounts Receivables?
and CORRECT Answers
General Ledger: What rolls an account's ending balance, Non-closing accounts
for each reporting period into the retained earnings
accounts, effectively making the balance forward for the
account zero?
General Ledger: What GL configuration option prevents Enforce JE balancing
users from entering a journal entry or other transaction
that does not balance for the current dimension?
General Ledger: What does an entity translate to for Location
transacting in a multi-entity shared environment?
General Ledger: What would cause a JL journal entry to Modifying template header titles
fail?
General Ledger: What do you enable to require Journal Entry approvals
approvals for all transactions in a particular journal?
General Ledger: What records are used to track non Statistical Accounts
financial data, such as employee headcount or the
number of members?
General Ledger: What process prevents entries and/or Closing the books
changes to a ledger for a specific period?
General Ledger: Which type of journal entry is used for Adjusting
posting to a closed period?
Purchasing: What enables to categorize items for the Item GL Group
purpose of posting to specific GL Accounts when using
Advanced Workflows in the purchasing application?
Purchasing: PO for a certain qty of item, need to pay for Partial Conversion Handling
lesser qty. What setting in the PO transaction definition
controls how you would process this transaction?
Purchasing: What dimension represents goods or services Item
purchased from a vendor?
, Purchasing: How does the system determine what type of Approval Policies
transactions require aproval, what approvals are required,
and the sequence of approvals?
Purchasing: What transaction definition setting requires at Transaction Posting set to Accounts Payable
least one debit/credit account pair defined?
Accounts Receivables: What would you view to see all of Statement
the following information: customer aging info, amount
due and amount paid, and total payments received?
Accounts Receivables: What transaction type decreases Credit memo
the amount a customer owes you?
Accounts Receivables: What customer account type Balance forward
causes the system to apply customer payments against
the total balance due?
Accounts Receivables: What feature provides user- Account Labels
friendly names for GL accounts when entering customer
invoices?
Accounts Receivables: What determines how customer AR Terms
discounts can be calculated on the full transaction
amount or total line items only?
Accounts Receivables: How do you ensure Customer Import AR Invoices and select historical posting
Invoices have no impact on the General Ledger?
Accounts Receivables: How are new IDs or numbers Document Sequencer
automatically generated for customers and transactions?
Accounts Receivables: What accounts Receivable Enable Reversal of Unpaid Invoices
configuration option prevents you from deleting
updating invoices?
Accounts Receivables: Displaying tax and subtotal fields Account Labels
on customer Invoices is available only if you have
enabled what feature in AR Configuration?
Accounts Receivables: How do you post an undeposited Create a deposit
funds payment receipt to cash in Accounts Receivables?
