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Sage Intacct Implementation
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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 โโ
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 โโ
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? correct answer โโ
Location
General Ledger: What would cause a JL journal entry to fail? correct answer โโ
Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal? correct answer โโ
Journal Entry approvals
General Ledger: What records are used to track non-financial data, such as employee headcount or the number of members? correct answer โโ
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period? correct answer โโ
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? correct answer โโ
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 โโ
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 โโ
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor? correct answer โโ
Item
Accounts Receivables: What determines how customer discounts can be calculated on the full transaction amount or total line items only? correct answer โโ
AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? correct answer โโ
Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions? correct answer โโ
Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices? correct answer โโ
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? correct answer โโ
Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts Receivables? correct answer โโ
Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import template? correct answer โโ
CUST_NAME
Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the T&E application? correct answer โโ
Expense types
Time & Expense: What option enables approvals for paying employee expense reports? correct answer โโ
Expense reports approvals
Time & Expense: How is the manager field used in the employee information screen? correct answer โโ
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? correct answer โโ
User
Order Entry: What do sales orders, sales quotes, and sales invoices represent in the Order Entry application? correct answer โโ
Transaction Definitions
Order Entry: What happens when advanced Workflow is enabled in the Order Entry application? correct answer โโ
Advanced workflow is enabled in the Order Entry, Purchasing, and Inventory applications
Reporting: If you plan to use the project, customer, item, and employee dimensions, they should first be enabled where? correct answer โโ
GL Configuration
Reporting: What field in the GL accounts screen ensures the account's balance flows through to the system's pre-defined QuickStart financial reports? correct answer โโ
Account Category
Reporting: How do you save a standard report with the present time periods, filters, and format settings? correct answer โโ
Memorize
Reporting: A good way to see if your account groups are mapped correctly is to ...
View the Account Group Hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals and hierarchies in reports, and is reusable across multiple reports? correct answer โโ
Account Groups
Reporting: What account group structure type would you use to show the total revenue per employee on a financial report? correct answer โโ
Statistical Category
Reporting: What works in conjunction with reporting periods when running financial reports? correct answer โโ
As-Of-Date
Accounts Payable: AP approvals are based on what amount? correct answer โโ
Bill Amount
Accounts Payable: What record separates cash and accrual transactions for reporting in the AP configuration screen? correct answer โโ
Journals
Accounts Payable: How can vendors be organized into categories for reporting? correct answer โโ
Vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment and penalties for late payment? correct answer โโ
AP Terms
Accounts Payable: How can you edit accounting information on both partially and fully paid bills and adjustments? correct answer โโ
Company: It is not a best practice to set Slide-In permissions to 'Subordinate Company (anonymous slide-in users)' since all console users would appear as the same user with the name
CPAUser
Company: What type of client environment shares vendors, customers, chart of accounts, and can create automatic inter-entity transactions? correct answer โโ
Multi-Entity Shared
Company: What do you need to specify during company creation to use the out-of-the- box account groups and financial reports? correct answer โโ
Quick start setup templates
Company: When would you select to use custom accounting periods in a client environment? correct answer โโ
13 periods in a year
Company: What type of user can add a journal entry in the system? correct answer โโ
Business User
Company: What record cannot be restricted in a multi-entity shared environment when entity restrictions are enabled? correct answer โโ
GL Account
Company: If a business user is assigned a role with permissions to approve employee expenses and another role to enter vendor bills, what functions will that user be able to perform in the system? correct answer โโ
Approve Expenses and Enter Bills
Company: When a company is created using the Service Industry Quickstart template, what records are not automatically created? correct answer โโ
GL Account
Company: What records are not automatically included in a client company created using a console template? correct answer โโ
Transactions
Company: A limited admin user cannot perform which function? correct answer โโ
Create Admin Users
Company: To make a dimension value required anytime a GL account is used in a transaction, select the dimension on the
GL account screen
Cash Management: What reconciliation method matches up cleared items for you to examine before reconciling the checking account? correct answer โโ
Auto-match with review
Cash Management: What check printing option requires ordering check stock in advance, using separate check stock for each checking account, and printing from one checking account at a time? correct answer โโ
Pre-printed check stock
