Sage Intacct Implementation Exam Questions With 100% Correct Answer

Sage Intacct Implementation
Exam Questions With 100%
Correct Answer
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?



Ans:>> Non-closing accounts




Quiz General Ledger: What GL configuration option prevents users from
entering a journal entry or other transaction that does not balance for
the current dimension?



Ans:>> Enforce JE balancing

,Quiz General Ledger: What does an entity translate to for transacting in
a multi-entity shared environment?



Ans:>> Location




Quiz General Ledger: What would cause a JL journal entry to fail?



Ans:>> Modifying template header titles



Quiz General Ledger: What do you enable to require approvals for all
transactions in a particular journal?



Ans:>> Journal Entry approvals



Quiz General Ledger: What records are used to track non financial data,
such as employee headcount or the number of members?



Ans:>> Statistical Accounts



Quiz General Ledger: What process prevents entries and/or changes to
a ledger for a specific period?

, Ans:>> Closing the books



Quiz General Ledger: Which type of journal entry is used for posting to
a closed period?



Ans:>> Adjusting




Quiz Purchasing: What enables to categorize items for the purpose of
posting to specific GL Accounts when using Advanced Workflows in the
purchasing application?



Ans:>> Item GL Group



Quiz 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?



Ans:>> Partial Conversion Handling



Quiz Purchasing: What dimension represents goods or services
purchased from a vendor?