Sage Intacct Implementation
exam with answers
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 ANSWERS ✔✔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 ANSWERS ✔✔Enforce JE balancing
General Ledger: What does an entity translate to for
transacting in a multi-entity shared environment? -
CORRECT ANSWERS ✔✔Location
General Ledger: What would cause a JL journal entry to
fail? - CORRECT ANSWERS ✔✔Modifying template header
titles
General Ledger: What do you enable to require approvals
for all transactions in a particular journal? - CORRECT
ANSWERS ✔✔Journal Entry approvals
, General Ledger: What records are used to track non
financial data, such as employee headcount or the
number of members? - CORRECT ANSWERS ✔✔Statistical
Accounts
General Ledger: What process prevents entries and/or
changes to a ledger for a specific period? - CORRECT
ANSWERS ✔✔Closing the books
General Ledger: Which type of journal entry is used for
posting to a closed period? - CORRECT ANSWERS
✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔Partial Conversion Handling
Purchasing: What dimension represents goods or services
purchased from a vendor? - CORRECT ANSWERS ✔✔Item
exam with answers
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 ANSWERS ✔✔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 ANSWERS ✔✔Enforce JE balancing
General Ledger: What does an entity translate to for
transacting in a multi-entity shared environment? -
CORRECT ANSWERS ✔✔Location
General Ledger: What would cause a JL journal entry to
fail? - CORRECT ANSWERS ✔✔Modifying template header
titles
General Ledger: What do you enable to require approvals
for all transactions in a particular journal? - CORRECT
ANSWERS ✔✔Journal Entry approvals
, General Ledger: What records are used to track non
financial data, such as employee headcount or the
number of members? - CORRECT ANSWERS ✔✔Statistical
Accounts
General Ledger: What process prevents entries and/or
changes to a ledger for a specific period? - CORRECT
ANSWERS ✔✔Closing the books
General Ledger: Which type of journal entry is used for
posting to a closed period? - CORRECT ANSWERS
✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔Partial Conversion Handling
Purchasing: What dimension represents goods or services
purchased from a vendor? - CORRECT ANSWERS ✔✔Item
