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?
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?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment?
Location
General Ledger: What would cause a JL journal entry to fail?
, Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular
journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL
Accounts when using Advanced Workflows in the purchasing application?
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?
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?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared
environment?
Location
General Ledger: What would cause a JL journal entry to fail?
, Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular
journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific
period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL
Accounts when using Advanced Workflows in the purchasing application?
