SAGE INTACCT IMPLEMENTATION EXAM
QUESTIONS AND CORRECT SOLUTIONS
100% VERIFIED.
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? -
QUESTIONS AND CORRECT SOLUTIONS
100% VERIFIED.
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? -
