Implementing Sage Intacct Exam
Questions With 100% Pass
/. 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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅General Ledger Configuration
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-✅a. Standard functionality
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - Answer-✅On the journal entry
or journal entry list, select Reverse.
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution Description - Answer-✅No configuration needed. Permissions needed: Journal
Entries: Reverse
/.GL-005: Journal entries
Requirement:System should support recurring journal entries.
Questions With 100% Pass
/. 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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅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 - Answer-✅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) - Answer-✅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 - Answer-✅General Ledger Configuration
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution type
a. Standard functionality
b. Workaround
c. Marketplace solution - Answer-✅a. Standard functionality
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - Answer-✅On the journal entry
or journal entry list, select Reverse.
/.GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution Description - Answer-✅No configuration needed. Permissions needed: Journal
Entries: Reverse
/.GL-005: Journal entries
Requirement:System should support recurring journal entries.
