Sage Intacct Implementer Exam UPDATED ACTUAL Questions
and CORRECT Answers
True or False: A company's fiscal year can be different True - fiscal year can be set to specific months according to company structure.
from the calendar year Does not have to align with conventional calendar year format of Jan - Dec.
True or False: Sub-accounts are included in the main GL False - sub-accounts provide a longer, more distinguishable GL account number.
account for reporting. Sub-accounts do not 'roll-up' to any other GL account for reporting.
What dimension status does NOT allow the dimension to B & C - active non-posting and inactive cannot be used when creating
be used in a transaction? (select all that apply). transactions. However, for reporting, both active and active non-posting can be
used. Inactive is not including in transactions or reporting.
A. Active
B. Active non-posting
C. Inactive
Which type of user can have administrative privileges? A. Business User
a. Business
b. Employee
c. Project Manager
d. Platform
How can you use the employee dimension? (select all B & C - you cannot assign permissions to employees. Permissions can only be
that apply) assigned to users. Also, employees are not granted login access to Sage Intacct,
this is only for users.
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
True or False: You can assign multiple roles to a user True - users may be assigned as many roles as needed.
How do you configure the User entities tab of the user to A. Do not select any entities. It is advised not to specify all entities for granting
grant access to all existing entities? users access to all entities, instead if no entities are selected for a user, they are
consider unrestricted and will have visibility to all entities and top-level.
a. do not select any entities
b. select each existing entity
c. select enable access to top-level
True or False: A Location can be assigned to multiple False - a location can be assigned to another location or a single entity, not
entities multiple.
, True or False: When you post a transaction to the False - journal entries do not create items in subledgers. Only transactions
Accounts Payable Journal, the transaction also posts to entered in subledgers will create journal entries by default in specified GL
the Accounts Payable application. journals.
How do you post a journal entry to a closed period? B. Post an adjusting journal entry - only adjusting journal entries can be posted to
closed periods. If the period is also locked, no entries (including adjustments) can
a. assign permissions to post journal entries to closed be posted.
periods
b. post an adjusting journal entry
c. you cannot post entries to a closed period
What are the characteristics of a deleted journal entry? A. does not appear in the audit trail.
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.
You try to add a transaction for the express bank credit A - credit card expiration date is in the past.
card, but that credit card does not show in the drop-
down menu. What could cause this? Note:
- expired credit cards cannot be used in transactions.
a. credit card expiration date is in the past - permissions cannot be assigned to individual credit cards
b. you do not have permission to that credit card - credit cards must have a vendor, but the vendor is selected when the credit card
c. the credit card needs a vendor assigned. is set up (would not cause this issue).
True or False: Each bank account must have a unique True - one GL account per bank account.
General Ledger Account.
You create a new bank account that needs to be B - on the bank account restrictions tab, select the locations/entities where you
available to 3 of your 4 entities. How can you do this? 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
a. on the bank account restrictions tab, restrict to top accounts.
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.
How do you record a bill and payment outside the A. Manual Payment
normal AP process?
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance
and CORRECT Answers
True or False: A company's fiscal year can be different True - fiscal year can be set to specific months according to company structure.
from the calendar year Does not have to align with conventional calendar year format of Jan - Dec.
True or False: Sub-accounts are included in the main GL False - sub-accounts provide a longer, more distinguishable GL account number.
account for reporting. Sub-accounts do not 'roll-up' to any other GL account for reporting.
What dimension status does NOT allow the dimension to B & C - active non-posting and inactive cannot be used when creating
be used in a transaction? (select all that apply). transactions. However, for reporting, both active and active non-posting can be
used. Inactive is not including in transactions or reporting.
A. Active
B. Active non-posting
C. Inactive
Which type of user can have administrative privileges? A. Business User
a. Business
b. Employee
c. Project Manager
d. Platform
How can you use the employee dimension? (select all B & C - you cannot assign permissions to employees. Permissions can only be
that apply) assigned to users. Also, employees are not granted login access to Sage Intacct,
this is only for users.
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
True or False: You can assign multiple roles to a user True - users may be assigned as many roles as needed.
How do you configure the User entities tab of the user to A. Do not select any entities. It is advised not to specify all entities for granting
grant access to all existing entities? users access to all entities, instead if no entities are selected for a user, they are
consider unrestricted and will have visibility to all entities and top-level.
a. do not select any entities
b. select each existing entity
c. select enable access to top-level
True or False: A Location can be assigned to multiple False - a location can be assigned to another location or a single entity, not
entities multiple.
, True or False: When you post a transaction to the False - journal entries do not create items in subledgers. Only transactions
Accounts Payable Journal, the transaction also posts to entered in subledgers will create journal entries by default in specified GL
the Accounts Payable application. journals.
How do you post a journal entry to a closed period? B. Post an adjusting journal entry - only adjusting journal entries can be posted to
closed periods. If the period is also locked, no entries (including adjustments) can
a. assign permissions to post journal entries to closed be posted.
periods
b. post an adjusting journal entry
c. you cannot post entries to a closed period
What are the characteristics of a deleted journal entry? A. does not appear in the audit trail.
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.
You try to add a transaction for the express bank credit A - credit card expiration date is in the past.
card, but that credit card does not show in the drop-
down menu. What could cause this? Note:
- expired credit cards cannot be used in transactions.
a. credit card expiration date is in the past - permissions cannot be assigned to individual credit cards
b. you do not have permission to that credit card - credit cards must have a vendor, but the vendor is selected when the credit card
c. the credit card needs a vendor assigned. is set up (would not cause this issue).
True or False: Each bank account must have a unique True - one GL account per bank account.
General Ledger Account.
You create a new bank account that needs to be B - on the bank account restrictions tab, select the locations/entities where you
available to 3 of your 4 entities. How can you do this? 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
a. on the bank account restrictions tab, restrict to top accounts.
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.
How do you record a bill and payment outside the A. Manual Payment
normal AP process?
a. manual payment
b. adjustment > credit memo
c. adjustment > debit memo
d. advance
