Sage Intacct Implementation Test Questions And
Answers | Verified
/.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 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? - Answer-
✅Enforce JE balancing
/.General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment? - Answer-✅Location
/.General Ledger: What would cause a JL journal entry to fail? - Answer-✅Modifying
template header titles
/.General Ledger: What do you enable to require approvals for all transactions in a
particular journal? - Answer-✅Journal Entry approvals
/.General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - Answer-✅Statistical Accounts
/.General Ledger: What process prevents entries and/or changes to a ledger for a
specific period? - Answer-✅Closing the books
/.General Ledger: Which type of journal entry is used for posting to a closed period? -
Answer-✅Adjusting
/.Purchasing: What enables to categorize items for the purpose of posting to specific GL
Accounts when using Advanced Workflows in the purchasing application? - Answer-
✅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? - Answer-
✅Partial Conversion Handling
, /.Purchasing: What dimension represents goods or services purchased from a vendor? -
Answer-✅Item
/.Purchasing: How does the system determine what type of transactions require aproval,
what approvals are required, and the sequence of approvals? - Answer-✅Approval
Policies
/.Purchasing: What transaction definition setting requires at least one debit/credit
account pair defined? - Answer-✅Transaction Posting set to Accounts Payable
/.Accounts Receivables: What would you view to see all of the following information:
customer aging info, amount due and amount paid, and total payments received? -
Answer-✅Statement
/.Accounts Receivables: What transaction type decreases the amount a customer owes
you? - Answer-✅Credit memo
/.Accounts Receivables: What customer account type causes the system to apply
customer payments against the total balance due? - Answer-✅Balance forward
/.Accounts Receivables: What feature provides user-friendly names for GL accounts
when entering customer invoices? - Answer-✅Account Labels
/.Accounts Receivables: What determines how customer discounts can be calculated on
the full transaction amount or total line items only? - Answer-✅AR Terms
/.Accounts Receivables: How do you ensure Customer Invoices have no impact on the
General Ledger? - Answer-✅Import AR Invoices and select historical posting
/.Accounts Receivables: How are new IDs or numbers automatically generated for
customers and transactions? - Answer-✅Document Sequencer
/.Accounts Receivables: What accounts Receivable configuration option prevents you
from deleting updating invoices? - Answer-✅Enable Reversal of Unpaid Invoices
/.Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is
available only if you have enabled what feature in AR Configuration? - Answer-
✅Account Labels
/.Accounts Receivables: How do you post an undeposited funds payment receipt to
cash in Accounts Receivables? - Answer-✅Create a deposit
/.Accounts Receivables: What field name must be unique when importing customers in
a .csv import template? - Answer-✅CUST_NAME
Answers | Verified
/.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 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? - Answer-
✅Enforce JE balancing
/.General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment? - Answer-✅Location
/.General Ledger: What would cause a JL journal entry to fail? - Answer-✅Modifying
template header titles
/.General Ledger: What do you enable to require approvals for all transactions in a
particular journal? - Answer-✅Journal Entry approvals
/.General Ledger: What records are used to track non financial data, such as employee
headcount or the number of members? - Answer-✅Statistical Accounts
/.General Ledger: What process prevents entries and/or changes to a ledger for a
specific period? - Answer-✅Closing the books
/.General Ledger: Which type of journal entry is used for posting to a closed period? -
Answer-✅Adjusting
/.Purchasing: What enables to categorize items for the purpose of posting to specific GL
Accounts when using Advanced Workflows in the purchasing application? - Answer-
✅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? - Answer-
✅Partial Conversion Handling
, /.Purchasing: What dimension represents goods or services purchased from a vendor? -
Answer-✅Item
/.Purchasing: How does the system determine what type of transactions require aproval,
what approvals are required, and the sequence of approvals? - Answer-✅Approval
Policies
/.Purchasing: What transaction definition setting requires at least one debit/credit
account pair defined? - Answer-✅Transaction Posting set to Accounts Payable
/.Accounts Receivables: What would you view to see all of the following information:
customer aging info, amount due and amount paid, and total payments received? -
Answer-✅Statement
/.Accounts Receivables: What transaction type decreases the amount a customer owes
you? - Answer-✅Credit memo
/.Accounts Receivables: What customer account type causes the system to apply
customer payments against the total balance due? - Answer-✅Balance forward
/.Accounts Receivables: What feature provides user-friendly names for GL accounts
when entering customer invoices? - Answer-✅Account Labels
/.Accounts Receivables: What determines how customer discounts can be calculated on
the full transaction amount or total line items only? - Answer-✅AR Terms
/.Accounts Receivables: How do you ensure Customer Invoices have no impact on the
General Ledger? - Answer-✅Import AR Invoices and select historical posting
/.Accounts Receivables: How are new IDs or numbers automatically generated for
customers and transactions? - Answer-✅Document Sequencer
/.Accounts Receivables: What accounts Receivable configuration option prevents you
from deleting updating invoices? - Answer-✅Enable Reversal of Unpaid Invoices
/.Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is
available only if you have enabled what feature in AR Configuration? - Answer-
✅Account Labels
/.Accounts Receivables: How do you post an undeposited funds payment receipt to
cash in Accounts Receivables? - Answer-✅Create a deposit
/.Accounts Receivables: What field name must be unique when importing customers in
a .csv import template? - Answer-✅CUST_NAME
