Sage Intacct Implementation Exam Questions
With Correct 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 |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
With Correct 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 |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
