Sage Intacct Implementation UPDATED ACTUAL QUESTIONS
AND CORRECT Answers
General Ledger: What rolls an account's ending Non-closing accounts
balance, 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 Item
services purchased from a vendor?
Purchasing: How does the system determine what type Approval Policies
of transactions require aproval, what approvals are
required, and the sequence of approvals?
Purchasing: What transaction definition setting requires Transaction Posting set to Accounts Payable
at least one debit/credit account pair defined?
, Accounts Receivables: What would you view to see all Statement
of 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 Account Labels
fields on customer Invoices is available only if you have
enabled what feature in AR Configuration?
Accounts Receivables: How do you post an Create a deposit
undeposited funds payment receipt to cash in Accounts
Receivables?
Accounts Receivables: What field name must be unique CUST_NAME
when importing customers in a .csv import template?
Time & Expense: What provides recognizable names to Expense types
the G/L accounts used in expense reports in the T&E
application?
Time & Expense: What option enables approvals for Expense reports approvals
paying employee expense reports?
Time & Expense: How is the manager field used in the Vendor bill approval
employee information screen?
AND CORRECT Answers
General Ledger: What rolls an account's ending Non-closing accounts
balance, 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 Item
services purchased from a vendor?
Purchasing: How does the system determine what type Approval Policies
of transactions require aproval, what approvals are
required, and the sequence of approvals?
Purchasing: What transaction definition setting requires Transaction Posting set to Accounts Payable
at least one debit/credit account pair defined?
, Accounts Receivables: What would you view to see all Statement
of 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 Account Labels
fields on customer Invoices is available only if you have
enabled what feature in AR Configuration?
Accounts Receivables: How do you post an Create a deposit
undeposited funds payment receipt to cash in Accounts
Receivables?
Accounts Receivables: What field name must be unique CUST_NAME
when importing customers in a .csv import template?
Time & Expense: What provides recognizable names to Expense types
the G/L accounts used in expense reports in the T&E
application?
Time & Expense: What option enables approvals for Expense reports approvals
paying employee expense reports?
Time & Expense: How is the manager field used in the Vendor bill approval
employee information screen?
