Sage Intacct Implementation exam questions with 100% correct answers

Sage Intacct Implementation exam questions with 100% 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? - 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? - ANSWERS Enforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? - ANSWERS Location General Ledger: What would cause a JL journal entry to fail? - ANSWERS Modifying template header titles General Ledger: What do you enable to require approvals for all transactions in a particular journal? - ANSWERS Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? - ANSWERS Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? - ANSWERS Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? - 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? - 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? - ANSWERS Partial Conversion Handling Purchasing: What dimension represents goods or services purchased from a vendor? - ANSWERS Item Purchasing: How does the system determine what type of transactions require aproval, what approvals are required, and the sequence of approvals? - ANSWERS Approval Policies Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? - ANSWERS 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? - ANSWERS Statement Accounts Receivables: What transaction type decreases the amount a customer owes you? - ANSWERS Credit memo Accounts Receivables: What customer account type causes the system to apply customer payments against the total balance due? - ANSWERS Balance forward Accounts Receivables: What feature provides user-friendly names for GL accounts when entering customer invoices? - ANSWERS Account Labels Accounts Receivables: What determines how customer discounts can be calculated on the full transaction amount or total line items only? - ANSWERS AR Terms Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? - ANSWERS Import AR Invoices and select historical posting Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions? - ANSWERS Document Sequencer Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices? - ANSWERS 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? - ANSWERS Account Labels Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts Receivables? - ANSWERS Create a deposit Accounts Receivables: What field name must be unique when importing customers in a .csv import template? - ANSWERS CUST_NAME Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the T&E application? - ANSWERS Expense types Time & Expense: What option enables approvals for paying employee expense reports? - ANSWERS Expense reports approvals Time & Expense: How is the manager field used in the employee information screen? - ANSWERS Vendor bill approval Time & Expense: What record is tied to the employee dimensions so an employee can submit their own expense reports from the T&E application? - ANSWERS User Order Entry: What do sales orders, sales quotes, and sales invoices represent in the Order Entry application? - ANSWERS Transaction Definitions Order Entry: How are permissions used within the Order Entry application? - ANSWERS Restrict users to enter transactions within a specific transaction definition Order Entry: When pricing items in sales transactions, the system determines the calculated amount of the line by using the unit price and the: - ANSWERS Unit of measure Order Entry: What associates an Order Entry transaction with the appropriate icon on the overview map and with the applicable transaction menu grouping in the application menu? - ANSWERS Workflow category Order Entry: What can automatically default item prices in an Order Entry sales invoice when assigned to the transac