IMPLEMENTING SAGE INTACCT EXAM
QUESTIONS AND ANSWERS (100%
CORRECT)
AP-005: Bills
Requirement: System should require the bill number when saving a draft bill or posting
a bill
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable
Configuration
AP-005: Bills
Requirement: System should require the bill number when saving a draft bill or posting
a bill
Solution Description - Answer-For the Numbers are required on setting, select Bills,
adjustments, and recurring bills only. Related permissions: Administrative Permissions >
Application Subscriptions: Configure
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard functionality
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable
Configuration
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
Solution Description - Answer-Enable override of the GL posting date during entry.
Related permissions: Administrative Permissions > Application Subscriptions: Configure
AP-007: Payments
Requirement: System should support automatic entry and payments of recurring bills
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Workaround
AP-007: Payments
,Requirement: System should support automatic entry and payments of recurring bills
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Recurring
AP-007: Payments
Requirement: System should support automatic entry and payments of recurring bills
Solution Description - Answer-The system can automatically create bills according to a
user-defined schedule, but bills must be paid using the standard bill payment process.
Related permissions: Recurring Bills: List, View, Add, Edit, Delete
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard functionality
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
Where solution is found in Sage Intacct (if applicable) - Answer-The system supports all
these payment types.
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
Solution Description - Answer-Checks and ACH are configured on the Checking
account. Wire and EFT payments are recorded with a payment type of Record Transfer
AP-009: Payments
, Requirement: System should allow a user to select bills for payment based on:
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard Functionality
AP-009: Payments
Requirement: System should allow a user to select bills for payment based on:
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Pay Bills
AP-009: Payments
Requirement: System should allow a user to select bills for payment based on:
Solution Description - Answer-Create and apply a Pay Bills filter set. Filters can be
created and shared with all users. Related permissions: Pay Bills: Run
AP-010: Payments
Requirement:System should support partial payments on bills
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard
AP-010: Payments
Requirement:System should support partial payments on bills
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Pay Bills
AP-010: Payments
Requirement:System should support partial payments on bills
Solution Description - Answer-During the Pay Bills process, enter the partial amount to
pay in the Amount to pay field. Related permissions: Pay Bills: Run
AP-011: Payments
Requirement: System should support issuing a check out of sequence
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard
AP-011: Payments
Requirement: System should support issuing a check out of sequence
QUESTIONS AND ANSWERS (100%
CORRECT)
AP-005: Bills
Requirement: System should require the bill number when saving a draft bill or posting
a bill
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable
Configuration
AP-005: Bills
Requirement: System should require the bill number when saving a draft bill or posting
a bill
Solution Description - Answer-For the Numbers are required on setting, select Bills,
adjustments, and recurring bills only. Related permissions: Administrative Permissions >
Application Subscriptions: Configure
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard functionality
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable
Configuration
AP-006: Bills
Requirement: System should allow the GL posting date to be different from the bill date.
Solution Description - Answer-Enable override of the GL posting date during entry.
Related permissions: Administrative Permissions > Application Subscriptions: Configure
AP-007: Payments
Requirement: System should support automatic entry and payments of recurring bills
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Workaround
AP-007: Payments
,Requirement: System should support automatic entry and payments of recurring bills
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Recurring
AP-007: Payments
Requirement: System should support automatic entry and payments of recurring bills
Solution Description - Answer-The system can automatically create bills according to a
user-defined schedule, but bills must be paid using the standard bill payment process.
Related permissions: Recurring Bills: List, View, Add, Edit, Delete
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard functionality
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
Where solution is found in Sage Intacct (if applicable) - Answer-The system supports all
these payment types.
AP-008: Payments
Requirement: System should support these payment types:
Checks
Wire
ACH
EFT
Credit Card
Solution Description - Answer-Checks and ACH are configured on the Checking
account. Wire and EFT payments are recorded with a payment type of Record Transfer
AP-009: Payments
, Requirement: System should allow a user to select bills for payment based on:
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard Functionality
AP-009: Payments
Requirement: System should allow a user to select bills for payment based on:
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Pay Bills
AP-009: Payments
Requirement: System should allow a user to select bills for payment based on:
Solution Description - Answer-Create and apply a Pay Bills filter set. Filters can be
created and shared with all users. Related permissions: Pay Bills: Run
AP-010: Payments
Requirement:System should support partial payments on bills
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard
AP-010: Payments
Requirement:System should support partial payments on bills
Where solution is found in Sage Intacct (if applicable) - Answer-Accounts Payable > All
> Bills > Pay Bills
AP-010: Payments
Requirement:System should support partial payments on bills
Solution Description - Answer-During the Pay Bills process, enter the partial amount to
pay in the Amount to pay field. Related permissions: Pay Bills: Run
AP-011: Payments
Requirement: System should support issuing a check out of sequence
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-Standard
AP-011: Payments
Requirement: System should support issuing a check out of sequence
