Sage Intacct Implementation ACTUAL exam: QUESTION AND
Sage Intacct Implementation
ANSWERS UPDATED 2025 LATEST
Study online at https://quizlet.com/_7vndl5
1. General Ledger: What rolls an account's ending bal- Non-closing accounts
ance, for each reporting period into the retained earn-
ings accounts, effectively making the balance forward
for the account zero?
2. General Ledger: What GL configuration option pre- Enforce JE balancing
vents users from entering a journal entry or other
transaction that does not balance for the current di-
mension?
3. General Ledger: What does an entity translate to for Location
transacting in a multi-entity shared environment?
4. General Ledger: What would cause a JL journal entry to Modifying template head-
fail? er titles
5. General Ledger: What do you enable to require ap- Journal Entry approvals
provals for all transactions in a particular journal?
6. General Ledger: What records are used to track non Statistical Accounts
financial data, such as employee headcount or the
number of members?
7. General Ledger: What process prevents entries and/or Closing the books
changes to a ledger for a specific period?
8. General Ledger: Which type of journal entry is used for Adjusting
posting to a closed period?
9. Purchasing: What enables to categorize items for the Item GL Group
purpose of posting to specific GL Accounts when using
Advanced Workflows in the purchasing application?
10.
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Purchasing: PO for a certain qty of item, need to pay for Partial Conversion Han-
lesser qty. What setting in the PO transaction definition dling
controls how you would process this transaction?
11. Purchasing: What dimension represents goods or ser- Item
vices purchased from a vendor?
12. Purchasing: How does the system determine what Approval Policies
type of transactions require aproval, what approvals
are required, and the sequence of approvals?
13. Purchasing: What transaction definition setting re- Transaction Posting set to
quires at least one debit/credit account pair defined? Accounts Payable
14. Accounts Receivables: What would you view to see Statement
all of the following information: customer aging info,
amount due and amount paid, and total payments
received?
15. Accounts Receivables: What transaction type decreas- Credit memo
es the amount a customer owes you?
16. Accounts Receivables: What customer account type Balance forward
causes the system to apply customer payments
against the total balance due?
17. Accounts Receivables: What feature provides Account Labels
user-friendly names for GL accounts when entering
customer invoices?
18. Accounts Receivables: What determines how customer AR Terms
discounts can be calculated on the full transaction
amount or total line items only?
2/9
Sage Intacct Implementation
ANSWERS UPDATED 2025 LATEST
Study online at https://quizlet.com/_7vndl5
1. General Ledger: What rolls an account's ending bal- Non-closing accounts
ance, for each reporting period into the retained earn-
ings accounts, effectively making the balance forward
for the account zero?
2. General Ledger: What GL configuration option pre- Enforce JE balancing
vents users from entering a journal entry or other
transaction that does not balance for the current di-
mension?
3. General Ledger: What does an entity translate to for Location
transacting in a multi-entity shared environment?
4. General Ledger: What would cause a JL journal entry to Modifying template head-
fail? er titles
5. General Ledger: What do you enable to require ap- Journal Entry approvals
provals for all transactions in a particular journal?
6. General Ledger: What records are used to track non Statistical Accounts
financial data, such as employee headcount or the
number of members?
7. General Ledger: What process prevents entries and/or Closing the books
changes to a ledger for a specific period?
8. General Ledger: Which type of journal entry is used for Adjusting
posting to a closed period?
9. Purchasing: What enables to categorize items for the Item GL Group
purpose of posting to specific GL Accounts when using
Advanced Workflows in the purchasing application?
10.
1/9
, Sage Intacct Implementation
Study online at https://quizlet.com/_7vndl5
Purchasing: PO for a certain qty of item, need to pay for Partial Conversion Han-
lesser qty. What setting in the PO transaction definition dling
controls how you would process this transaction?
11. Purchasing: What dimension represents goods or ser- Item
vices purchased from a vendor?
12. Purchasing: How does the system determine what Approval Policies
type of transactions require aproval, what approvals
are required, and the sequence of approvals?
13. Purchasing: What transaction definition setting re- Transaction Posting set to
quires at least one debit/credit account pair defined? Accounts Payable
14. Accounts Receivables: What would you view to see Statement
all of the following information: customer aging info,
amount due and amount paid, and total payments
received?
15. Accounts Receivables: What transaction type decreas- Credit memo
es the amount a customer owes you?
16. Accounts Receivables: What customer account type Balance forward
causes the system to apply customer payments
against the total balance due?
17. Accounts Receivables: What feature provides Account Labels
user-friendly names for GL accounts when entering
customer invoices?
18. Accounts Receivables: What determines how customer AR Terms
discounts can be calculated on the full transaction
amount or total line items only?
2/9
