SAGE INTACCT IMPLEMENTATION EXAM 73 QUESTIONS
AND ANSWERS 2026/2027 || FINANCIAL MANAGEMENT
SYSTEMS VERIFIED QUESTIONS & ACCURATE ANSWERS ||
GRADED A+
73 QUESTIONS AND 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? - CORRECT 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? -
CORRECT ANSWER - Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment? - CORRECT ANSWER – Location
General Ledger: Which type of journal entry is used for posting to a closed period?
- CORRECT 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? -
CORRECT 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? -
CORRECT ANSWER - Partial Conversion Handling
, Purchasing: What dimension represents goods or services purchased from a
vendor? - CORRECT ANSWER - Item
Purchasing: How does the system determine what type of transactions require
aproval, what approvals are required, and the sequence of approvals? -
CORRECT ANSWER - Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit
account pair defined? - CORRECT 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? - CORRECT ANSWER - Statement
General Ledger: What would cause a JL journal entry to fail? - CORRECT
ANSWER - Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a
particular journal? - CORRECT ANSWER - Journal Entry approvals
AND ANSWERS 2026/2027 || FINANCIAL MANAGEMENT
SYSTEMS VERIFIED QUESTIONS & ACCURATE ANSWERS ||
GRADED A+
73 QUESTIONS AND 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? - CORRECT 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? -
CORRECT ANSWER - Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity
shared environment? - CORRECT ANSWER – Location
General Ledger: Which type of journal entry is used for posting to a closed period?
- CORRECT 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? -
CORRECT 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? -
CORRECT ANSWER - Partial Conversion Handling
, Purchasing: What dimension represents goods or services purchased from a
vendor? - CORRECT ANSWER - Item
Purchasing: How does the system determine what type of transactions require
aproval, what approvals are required, and the sequence of approvals? -
CORRECT ANSWER - Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit
account pair defined? - CORRECT 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? - CORRECT ANSWER - Statement
General Ledger: What would cause a JL journal entry to fail? - CORRECT
ANSWER - Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a
particular journal? - CORRECT ANSWER - Journal Entry approvals
