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2023 Sage Intacct Accounts Implementation Exam With Answers (73 Solved Questions)

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    Sage Intacct Implementation Exam 2023 with complete solution 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? 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? Answer - Enforce JE balancing General Ledger: What does an entity transl ate to for transacting in a multi - entity shared environment? Answer - Location General Ledger: What would cause a JL journal entry to fail? Answer - Modifying template header titles General Ledger: What do you enable to require approvals for all transa ctions in a particular journal? Answer - Journal Entry approvals General Ledger: What records are used to track non financial data, such as employee headcount or the number of members? Answer - Statistical Accounts General Ledger: What process prevents entries and/or changes to a ledger for a specific period? Answer - Closing the books General Ledger: Which type of journal entry is used for posting to a closed period? 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? 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 woul d process this transaction? Answer - Partial Conversion Handling Purchasing: What dimension represents goods or services purchased from a vendor? Answer - Item Purchasing: How does the system determine what type of transactions require aproval, what ap provals are required, and the sequence of approvals? Answer - Approval Policies

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