Sage Intacct Implementa on Exam Ques ons and
answers Updated NEW EDITION WITH COMPLETE
SOLUTION 100% PASS GUARANTEED SUCCESS
General Ledger: What rolls an account's ending balance, for each repor ng period into the
retained earnings accounts, effec vely making the balance forward for the account zero? -
Answers Non-closing accounts
General Ledger: What GL configura on op on prevents users from entering a journal entry or
other transac on that does not balance for the current dimension? - Answers Enforce JE
balancing
General Ledger: What does an en ty translate to for transac ng in a mul -en ty shared
environment? - Answers Loca on
General Ledger: What would cause a JL journal entry to fail? - Answers Modifying template
header tles
General Ledger: What do you enable to require approvals for all transac ons in a par cular
journal? - Answers Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - Answers Sta s cal Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
period? - Answers Closing the books
, General Ledger: Which type of journal entry is used for pos ng to a closed period? - Answers
Adjus ng
Purchasing: What enables to categorize items for the purpose of pos ng to specific GL Accounts
when using Advanced Workflows in the purchasing applica on? - Answers Item GL Group
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What se3ng in the PO
transac on defini on controls how you would process this transac on? - Answers Par al
Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor? - Answers
Item
Purchasing: How does the system determine what type of transac ons require aproval, what
approvals are required, and the sequence of approvals? - Answers Approval Policies
Purchasing: What transac on defini on se3ng requires at least one debit/credit account pair
defined? - Answers Transac on Pos ng set to Accounts Payable
Accounts Receivables: What would you view to see all of the following informa on: customer
aging info, amount due and amount paid, and total payments received? - Answers Statement
Accounts Receivables: What transac on type decreases the amount a customer owes you? -
Answers Credit memo
Accounts Receivables: What customer account type causes the system to apply customer
payments against the total balance due? - Answers Balance forward
answers Updated NEW EDITION WITH COMPLETE
SOLUTION 100% PASS GUARANTEED SUCCESS
General Ledger: What rolls an account's ending balance, for each repor ng period into the
retained earnings accounts, effec vely making the balance forward for the account zero? -
Answers Non-closing accounts
General Ledger: What GL configura on op on prevents users from entering a journal entry or
other transac on that does not balance for the current dimension? - Answers Enforce JE
balancing
General Ledger: What does an en ty translate to for transac ng in a mul -en ty shared
environment? - Answers Loca on
General Ledger: What would cause a JL journal entry to fail? - Answers Modifying template
header tles
General Ledger: What do you enable to require approvals for all transac ons in a par cular
journal? - Answers Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - Answers Sta s cal Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
period? - Answers Closing the books
, General Ledger: Which type of journal entry is used for pos ng to a closed period? - Answers
Adjus ng
Purchasing: What enables to categorize items for the purpose of pos ng to specific GL Accounts
when using Advanced Workflows in the purchasing applica on? - Answers Item GL Group
Purchasing: PO for a certain qty of item, need to pay for lesser qty. What se3ng in the PO
transac on defini on controls how you would process this transac on? - Answers Par al
Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor? - Answers
Item
Purchasing: How does the system determine what type of transac ons require aproval, what
approvals are required, and the sequence of approvals? - Answers Approval Policies
Purchasing: What transac on defini on se3ng requires at least one debit/credit account pair
defined? - Answers Transac on Pos ng set to Accounts Payable
Accounts Receivables: What would you view to see all of the following informa on: customer
aging info, amount due and amount paid, and total payments received? - Answers Statement
Accounts Receivables: What transac on type decreases the amount a customer owes you? -
Answers Credit memo
Accounts Receivables: What customer account type causes the system to apply customer
payments against the total balance due? - Answers Balance forward
