Sage Intacct Implementation
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? - (correct Answer) -
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension? - (correct Answer) - Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? -
(correct Answer) - Location
General Ledger: What would cause a JL journal entry to fail? - (correct Answer) - Modifying template
header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal? -
(correct Answer) - Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or the
number of members? - (correct Answer) - Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period? -
(correct Answer) - Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? - (correct Answer) -
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when
using Advanced Workflows in the purchasing application? - (correct Answer) - 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? - (correct Answer) - Partial Conversion
Handling
Purchasing: What dimension represents goods or services purchased from a vendor? - (correct Answer) -
Item
Purchasing: How does the system determine what type of transactions require aproval, what approvals
are required, and the sequence of approvals? - (correct Answer) - Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? -
(correct Answer) - 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? - (correct Answer) - Statement
Accounts Receivables: What transaction type decreases the amount a customer owes you? - (correct
, Answer) - Credit memo
Accounts Receivables: What customer account type causes the system to apply customer payments
against the total balance due? - (correct Answer) - Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when entering
customer invoices? - (correct Answer) - Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full
transaction amount or total line items only? - (correct Answer) - AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? -
(correct Answer) - Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and
transactions? - (correct Answer) - Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting
updating invoices? - (correct Answer) - 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? - (correct Answer) - Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables? - (correct Answer) - Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import
template? - (correct Answer) - CUST_NAME
Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the
T&E application? - (correct Answer) - Expense types
Time & Expense: What option enables approvals for paying employee expense reports? - (correct
Answer) - Expense reports approvals
Time & Expense: How is the manager field used in the employee information screen? - (correct Answer) -
Vendor bill approval
Time & Expense: What record is tied to the employee dimensions so an employee can submit their own
expense reports from the T&E application? - (correct Answer) - User
Order Entry: What do sales orders, sales quotes, and sales invoices represent in the Order Entry
application? - (correct Answer) - Transaction Definitions
Order Entry: How are permissions used within the Order Entry application? - (correct Answer) - Restrict
users to enter transactions within a specific transaction definition
Order Entry: When pricing items in sales transactions, the system determines the calculated amount of
the line by using the unit price and the: - (correct Answer) - Unit of measure
Order Entry: What associates an Order Entry transaction with the appropriate icon on the overview map
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? - (correct Answer) -
Non-closing accounts
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension? - (correct Answer) - Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? -
(correct Answer) - Location
General Ledger: What would cause a JL journal entry to fail? - (correct Answer) - Modifying template
header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal? -
(correct Answer) - Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or the
number of members? - (correct Answer) - Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period? -
(correct Answer) - Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? - (correct Answer) -
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when
using Advanced Workflows in the purchasing application? - (correct Answer) - 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? - (correct Answer) - Partial Conversion
Handling
Purchasing: What dimension represents goods or services purchased from a vendor? - (correct Answer) -
Item
Purchasing: How does the system determine what type of transactions require aproval, what approvals
are required, and the sequence of approvals? - (correct Answer) - Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? -
(correct Answer) - 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? - (correct Answer) - Statement
Accounts Receivables: What transaction type decreases the amount a customer owes you? - (correct
, Answer) - Credit memo
Accounts Receivables: What customer account type causes the system to apply customer payments
against the total balance due? - (correct Answer) - Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when entering
customer invoices? - (correct Answer) - Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full
transaction amount or total line items only? - (correct Answer) - AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? -
(correct Answer) - Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and
transactions? - (correct Answer) - Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting
updating invoices? - (correct Answer) - 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? - (correct Answer) - Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables? - (correct Answer) - Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import
template? - (correct Answer) - CUST_NAME
Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the
T&E application? - (correct Answer) - Expense types
Time & Expense: What option enables approvals for paying employee expense reports? - (correct
Answer) - Expense reports approvals
Time & Expense: How is the manager field used in the employee information screen? - (correct Answer) -
Vendor bill approval
Time & Expense: What record is tied to the employee dimensions so an employee can submit their own
expense reports from the T&E application? - (correct Answer) - User
Order Entry: What do sales orders, sales quotes, and sales invoices represent in the Order Entry
application? - (correct Answer) - Transaction Definitions
Order Entry: How are permissions used within the Order Entry application? - (correct Answer) - Restrict
users to enter transactions within a specific transaction definition
Order Entry: When pricing items in sales transactions, the system determines the calculated amount of
the line by using the unit price and the: - (correct Answer) - Unit of measure
Order Entry: What associates an Order Entry transaction with the appropriate icon on the overview map
