Sage Intacct Implementation Exam Questions and Correct Answers.

Sage Intacct Implementation Exam Questions and 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? 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? AnswerEnforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? Answer- Location General Ledger: What would cause a JL journal entry to fail? Answer- Modifying template header titles General Ledger: What do you enable to require approvals for all transactions in a particular journal? Answer- Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? Answer- Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? Answer- Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? 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? AnswerItem 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? AnswerPartial Conversion Handling .