Sage Intacct
Which application do you create a vendor in? - Answer-accounts payable
Which application do you create a customer in? - Answer-accounts receivable
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
account
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension? - Answer-enfore JE balancing
General Ledger: What do you enable to require approvals for all transactions in a particular journal? -
Answer-journal entry approvals
General Ledger: Which type of journal entry is used for posting to a closed period? - Answer-adjustment
Accounts Receivables: What transaction type decreases the amount a customer owes you? - Answer-
credit memo
Accounts Receivables: What transaction type increases the amount a customer owes you? - Answer-
debit memo
, Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables? - Answer-create a deposit
Reporting: How do you save a standard report with the present time periods, filters, and format
settings? - Answer-memorize
Reporting: A good way to see if your account groups are mapped correctly is to ... - Answer-view the
account group hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals and
hierarchies in reports, and is reusable across multiple reports? - Answer-account groups
Reporting: What works in conjunction with reporting periods when running financial reports? - Answer-
as of date
Accounts Payable: How can vendors be organized into categories for reporting? - Answer-vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment and
penalties for late payment? - Answer-AP terms
Accounts Payable: How can you edit accounting information on both partially and fully paid bills and
adjustments? - Answer-reclass
Accounts Payable: Where do you enter a vendor bill that needs to include line items from two separate
entities in a multi-entity shared environment? - Answer-top level
Accounts Payable: What is the status of a vendor bill that can be reversed? - Answer-unpaid
Which application do you create a vendor in? - Answer-accounts payable
Which application do you create a customer in? - Answer-accounts receivable
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
account
General Ledger: What GL configuration option prevents users from entering a journal entry or other
transaction that does not balance for the current dimension? - Answer-enfore JE balancing
General Ledger: What do you enable to require approvals for all transactions in a particular journal? -
Answer-journal entry approvals
General Ledger: Which type of journal entry is used for posting to a closed period? - Answer-adjustment
Accounts Receivables: What transaction type decreases the amount a customer owes you? - Answer-
credit memo
Accounts Receivables: What transaction type increases the amount a customer owes you? - Answer-
debit memo
, Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts
Receivables? - Answer-create a deposit
Reporting: How do you save a standard report with the present time periods, filters, and format
settings? - Answer-memorize
Reporting: A good way to see if your account groups are mapped correctly is to ... - Answer-view the
account group hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals and
hierarchies in reports, and is reusable across multiple reports? - Answer-account groups
Reporting: What works in conjunction with reporting periods when running financial reports? - Answer-
as of date
Accounts Payable: How can vendors be organized into categories for reporting? - Answer-vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment and
penalties for late payment? - Answer-AP terms
Accounts Payable: How can you edit accounting information on both partially and fully paid bills and
adjustments? - Answer-reclass
Accounts Payable: Where do you enter a vendor bill that needs to include line items from two separate
entities in a multi-entity shared environment? - Answer-top level
Accounts Payable: What is the status of a vendor bill that can be reversed? - Answer-unpaid
