Implementing Sage Intacct Exam
Questions With Correct Answers
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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT ANSWER✔✔-Standard functionality
| | | | | |
GL-002: Accounts
| |
Requirement: System should support recording non-monetary numeric
| | | | | | |
transactions, such as employee headcount and square footage.
| | | | | | |
Questions With Correct Answers
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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT 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) - CORRECT
| | | | | | | | | | |
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 - CORRECT 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 - CORRECT ANSWER✔✔-Standard functionality
| | | | | |
GL-002: Accounts
| |
Requirement: System should support recording non-monetary numeric
| | | | | | |
transactions, such as employee headcount and square footage.
| | | | | | |
