Implementing Sage Intacct | 100% Correct
Answers | Verified | Latest 2024 Version
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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔General Ledger > All > Accounts > Statistical
accounts
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as employee
headcount and square footage.
Solution Description - ✔✔No configuration needed. Related permissions: Statistical Journal Entries: List,
View, Add, Edit, Delete, Reverse
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔✔a. Standard functionality
, GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Where solution is found in Sage Intacct (if applicable) - ✔✔Set the option If future GL posting date to
Allow and warn. Related permissions: Administrative Permissions > Application Subscriptions: Configure
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Solution Description - ✔✔General Ledger Configuration
GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔✔a. Standard functionality
GL-004: Journal entries
Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - ✔✔On the journal entry or journal entry list,
select Reverse.
GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution Description - ✔✔No configuration needed. Permissions needed: Journal Entries: Reverse
GL-005: Journal entries
Requirement:System should support recurring journal entries.
Answers | Verified | Latest 2024 Version
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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔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 - ✔✔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 - ✔✔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) - ✔✔General Ledger > All > Accounts > Statistical
accounts
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as employee
headcount and square footage.
Solution Description - ✔✔No configuration needed. Related permissions: Statistical Journal Entries: List,
View, Add, Edit, Delete, Reverse
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔✔a. Standard functionality
, GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Where solution is found in Sage Intacct (if applicable) - ✔✔Set the option If future GL posting date to
Allow and warn. Related permissions: Administrative Permissions > Application Subscriptions: Configure
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a
future period.
Solution Description - ✔✔General Ledger Configuration
GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - ✔✔a. Standard functionality
GL-004: Journal entries
Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - ✔✔On the journal entry or journal entry list,
select Reverse.
GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution Description - ✔✔No configuration needed. Permissions needed: Journal Entries: Reverse
GL-005: Journal entries
Requirement:System should support recurring journal entries.
