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Sage Intacct Implementation Correct, Exams of Accounting

Sage CollegeAccounting

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? - ✔✔Non-closing accounts

Typology: Exams

2024/2025

Available from 07/08/2025

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Sage Intacct Implementation |Correct
Answers | 100% Verified | Latest 2025
Version
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? - ✔✔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? - ✔✔Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? -
✔✔Location
General Ledger: What would cause a JL journal entry to fail? - ✔✔Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal? -
✔✔Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or the
number of members? - ✔✔Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period? -
✔✔Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period? - ✔✔Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when
using Advanced Workflows in the purchasing application? - ✔✔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? - ✔✔Partial Conversion Handling
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Sage Intacct Implementation |Correct

Answers | 100 % Verified | Latest 2025

Version

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? - ✔✔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? - ✔✔Enforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? - ✔✔Location General Ledger: What would cause a JL journal entry to fail? - ✔✔Modifying template header titles General Ledger: What do you enable to require approvals for all transactions in a particular journal? - ✔✔Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? - ✔✔Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? - ✔✔Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? - ✔✔Adjusting Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when using Advanced Workflows in the purchasing application? - ✔✔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? - ✔✔Partial Conversion Handling

Purchasing: What dimension represents goods or services purchased from a vendor? - ✔✔Item Purchasing: How does the system determine what type of transactions require aproval, what approvals are required, and the sequence of approvals? - ✔✔Approval Policies Purchasing: What transaction definition setting requires at least one debit/credit account pair defined? - ✔✔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? - ✔✔Statement Accounts Receivables: What transaction type decreases the amount a customer owes you? - ✔✔Credit memo Accounts Receivables: What customer account type causes the system to apply customer payments against the total balance due? - ✔✔Balance forward Accounts Receivables: What feature provides user-friendly names for GL accounts when entering customer invoices? - ✔✔Account Labels Accounts Receivables: What determines how customer discounts can be calculated on the full transaction amount or total line items only? - ✔✔AR Terms Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger? - ✔✔Import AR Invoices and select historical posting Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions? - ✔✔Document Sequencer Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices? - ✔✔Enable Reversal of Unpaid Invoices

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? - ✔✔Workflow category Order Entry: What can automatically default item prices in an Order Entry sales invoice when assigned to the transaction definition? - ✔✔Price lists Order Entry: How would a client company add an additional step to their Order Entry workflow that is unique to their business when they are currently using a Quickstart workflow? - ✔✔Use advanced workflow to recreate the workflow with the additional step. Order Entry: Where on the item information screen would you specify an item is restricted for use in Order Entry transactions only? - ✔✔Item Type Order Entry: What happens when advanced Workflow is enabled in the Order Entry application? - ✔✔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? - ✔✔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? - ✔✔Account Category Reporting: How do you save a standard report with the present time periods, filters, and format settings?

  • ✔✔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? - ✔✔Account Groups

Reporting: What account group structure type would you use to show the total revenue per employee on a financial report? - ✔✔Statistical Category Reporting: What works in conjunction with reporting periods when running financial reports? - ✔✔As- Of-Date Accounts Payable: AP approvals are based on what amount? - ✔✔Bill Amount Accounts Payable: What record separates cash and accrual transactions for reporting in the AP configuration screen? - ✔✔Journals Accounts Payable: How can vendors be organized into categories for reporting? - ✔✔Vendor types Accounts Payable: What determines a vendor's payment due date, discounts for early payment and penalties for late payment? - ✔✔AP Terms Accounts Payable: How can you edit accounting information on both partially and fully paid bills and adjustments? - ✔✔Reclassification Accounts Payable: Where do you enter a vendor bill that needs to include line items from two separate entities in a multi-entity shared environment? - ✔✔Top Level Accounts Payable: In a cash basis company, when does the system post a vendor's bill expense account to the General Ledger? - ✔✔ Accounts Payable: What is the status of a vendor bill that can be reversed? - ✔✔Unpaid Accounts Payable: What marks a check number unavailable for re-use and makes the vendor bill available to be paid again? - ✔✔Voiding a check

Company: A limited admin user cannot perform which function? - ✔✔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? - ✔✔Auto-match with review Cash Management: Where do you enter checks and deposits that were open as of the last bank reconciliation you perfmed before your company migrated to Sage Intacct? - ✔✔Initial open items Cash Management: What record is associated with a credit card so you can pay off charges using Accounts Payable and must be unique? - ✔✔Vendor Cash Management: Where must a checking account be created to use automated inter-entity transactions? - ✔✔Top level Cash Management: What field in a checking account keeps transactions separate when you reconcile accounts and must be unique - ✔✔GL account Cash Management: When entity 1 pays a bill for entity 2 , an inter-entity transaction is created based on what field in entity 1 's checking account? - ✔✔Location ID Cash Management: What creates vendor bills from existing credit card transactions in Cash Management? - ✔✔Charge payoffs 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? - ✔✔Pre- printed check stock