Sage Intacct Implementation Questions and Correct Answers/ Latest Update / Already Graded

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Sage Intacct Implementation Questions
and Correct Answers/ Latest Update /
Already Graded
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?

Ans: 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?

Ans: Enforce JE balancing


General Ledger: What does an entity translate to for transacting in a
multi-entity shared environment?

Ans: Location


General Ledger: What would cause a JL journal entry to fail?

Ans: Modifying template header titles




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General Ledger: What do you enable to require approvals for all
transactions in a particular journal?

Ans: Journal Entry approvals


General Ledger: What records are used to track non financial data,
such as employee headcount or the number of members?

Ans: Statistical Accounts


General Ledger: What process prevents entries and/or changes to a
ledger for a specific period?

Ans: Closing the books


General Ledger: Which type of journal entry is used for posting to a
closed period?

Ans: Adjusting


Purchasing: What enables to categorize items for the purpose of
posting to specific GL Accounts when using Advanced Workflows in
the purchasing application?

Ans: Item GL Group




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