Implementing Sage Intacct Exam Questions with 100% Correct Answers

ME-001: Intercompany transactions Requirement: Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity. 1. Solution type a. Standard functionality b. Workaround c. Marketplace solution Correct Answer a. Standard functionality ME-001: Intercompany transactions Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity. Where solution is found in Sage Intacct (if applicable) Correct Answer Company > Setup > Configuration > Entities ME-001: Intercompany transactions Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity. Solution Description Correct Answer The journal entry is automatically created based on the settings defined on the Inter-entity Setup page. Related permissions: Company > Entities: List, View, Add, Edit, Delete ME-002: User access Requirement: System should support restricting users to viewing and entering data in specific entities. Solution type a. Standard functionality b. Workaround c. Marketplace solution Correct Answer Standard functionality ME-002: User access Requirement: System should support restricting users to viewing and entering data in specific entities. Where solution is found in Sage Intacct (if applicable) Correct Answer Company > Admin > Users, roles & groups > Users ME-002: User access Requirement: System should support restricting users to viewing and entering data in specific entities. Solution Description Correct Answer On the User Entity tab, users can be restricted to only access and record data for specific entities. Related permissions: Administrative Permissions > Users: List, View, Add, Edit, Delete, Permissions GL-001: Accounts Requirements: System should allow specific users to create, edit, and delete General Ledger accounts. Solution type a. Standard functionality b. Workaround c. Marketplace solution Correct Answer a. Standard functionali GL-001: Accounts Requirements: System should allow specific users to create, edit, and delete General Ledger accounts. Where solution is found in Sage Intacct (if applicable) Correct Answer General Ledger > All > Accounts > General Ledger Accounts GL-001: Accounts Requirements: System should allow specific users to create, edit, and delete General Ledger accounts. Solution Description Correct Answer No configuration needed. Related permissions: Journal Entries: Reverse GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage. Solution type a. Standard functionality b. Workaround c. Marketplace solution Correct Answer Standard functionality GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage. Where solution is found in Sage Intacct (if applicable) Correct Answer General Ledger > All > Accounts > Statistical accounts GL-002: Accounts Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.