Sage Intacct Implementation Exam Questions
and Answers 100% Pass
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?
Non-closing accounts
We have an expert-written solution to this problem!
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment?
Location
General Ledger: What would cause a JL journal entry to fail?
Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or
the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when
using Advanced Workflows in the purchasing application?
Item GL Group
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO transaction
definition controls how you would process this transaction?
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor?
Item
Purchasing: How does the system determine what type of transactions require aproval, what
approvals are required, and the sequence of approvals?
Approval Policies
, Purchasing: What transaction definition setting requires at least one debit/credit account pair
defined?
Transaction Posting set to Accounts Payable
Accounts Receivables: What would you view to see all of the following information: customer aging
info, amount due and amount paid, and total payments received?
Statement
Accounts Receivables: What transaction type decreases the amount a customer owes you?
Credit memo
Accounts Receivables: What customer account type causes the system to apply customer payments
against the total balance due?
Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when entering
customer invoices?
Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full
transaction amount or total line items only?
AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger?
Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and
transactions?
Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting
updating invoices?
Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is available only if you
have enabled what feature in AR Configuration?
Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables?
Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import
template?
CUST_NAME
and Answers 100% Pass
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?
Non-closing accounts
We have an expert-written solution to this problem!
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment?
Location
General Ledger: What would cause a JL journal entry to fail?
Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or
the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when
using Advanced Workflows in the purchasing application?
Item GL Group
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What setting in the PO transaction
definition controls how you would process this transaction?
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor?
Item
Purchasing: How does the system determine what type of transactions require aproval, what
approvals are required, and the sequence of approvals?
Approval Policies
, Purchasing: What transaction definition setting requires at least one debit/credit account pair
defined?
Transaction Posting set to Accounts Payable
Accounts Receivables: What would you view to see all of the following information: customer aging
info, amount due and amount paid, and total payments received?
Statement
Accounts Receivables: What transaction type decreases the amount a customer owes you?
Credit memo
Accounts Receivables: What customer account type causes the system to apply customer payments
against the total balance due?
Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when entering
customer invoices?
Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full
transaction amount or total line items only?
AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger?
Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and
transactions?
Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting
updating invoices?
Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is available only if you
have enabled what feature in AR Configuration?
Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables?
Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import
template?
CUST_NAME
