Sage Intacct Implementation Solved
Exam Questions and Answers (Complete
Practice Papers)
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?
- Correct Answers ✅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? - Correct Answers
✅Enforce JE balancing
General Ledger: What does an entity translate to for
transacting in a multi-entity shared environment? - Correct
Answers ✅Location
General Ledger: What would cause a JL journal entry to fail? -
Correct Answers ✅Modifying template header titles
General Ledger: What do you enable to require approvals for
all transactions in a particular journal? - Correct Answers
✅Journal Entry approvals
General Ledger: What records are used to track non financial
data, such as employee headcount or the number of
members? - Correct Answers ✅Statistical Accounts
, Sage Intacct Implementation Solved
Exam Questions and Answers (Complete
Practice Papers)
General Ledger: What process prevents entries and/or
changes to a ledger for a specific period? - Correct Answers
✅Closing the books
General Ledger: Which type of journal entry is used for
posting to a closed period? - Correct Answers ✅Adjusting
Purchasing: What enables to categorize items for the purpose
of posting to specific GL Accounts when using Advanced
Workflows in the purchasing application? - Correct Answers
✅Item 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? - Correct
Answers ✅Partial Conversion Handling
Purchasing: What dimension represents goods or services
purchased from a vendor? - Correct Answers ✅Item
Purchasing: How does the system determine what type of
transactions require aproval, what approvals are required,
and the sequence of approvals? - Correct Answers
✅Approval Policies
Exam Questions and Answers (Complete
Practice Papers)
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?
- Correct Answers ✅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? - Correct Answers
✅Enforce JE balancing
General Ledger: What does an entity translate to for
transacting in a multi-entity shared environment? - Correct
Answers ✅Location
General Ledger: What would cause a JL journal entry to fail? -
Correct Answers ✅Modifying template header titles
General Ledger: What do you enable to require approvals for
all transactions in a particular journal? - Correct Answers
✅Journal Entry approvals
General Ledger: What records are used to track non financial
data, such as employee headcount or the number of
members? - Correct Answers ✅Statistical Accounts
, Sage Intacct Implementation Solved
Exam Questions and Answers (Complete
Practice Papers)
General Ledger: What process prevents entries and/or
changes to a ledger for a specific period? - Correct Answers
✅Closing the books
General Ledger: Which type of journal entry is used for
posting to a closed period? - Correct Answers ✅Adjusting
Purchasing: What enables to categorize items for the purpose
of posting to specific GL Accounts when using Advanced
Workflows in the purchasing application? - Correct Answers
✅Item 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? - Correct
Answers ✅Partial Conversion Handling
Purchasing: What dimension represents goods or services
purchased from a vendor? - Correct Answers ✅Item
Purchasing: How does the system determine what type of
transactions require aproval, what approvals are required,
and the sequence of approvals? - Correct Answers
✅Approval Policies
