SAGE INTACCT IMPLEMENTATION EXAM LATEST 2024-
2025 COMPLATE 350 QUESTIONS AND DETAILED
CORRECT VERIFIED ANSWERS JUST RELEASED
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 would 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
approvals are required, and the sequence of approvals? - ANSWER-Approval Policies
Purchasing: What transaction definition setting requires at least one debit/credit account pair
defined? - 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? - ANSWER-Statement
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Accounts Receivables: What transaction type decreases the amount a customer owes you? -
ANSWER-Credit memo
Accounts Receivables: What customer account type causes the system to apply customer
payments against the total balance due? - ANSWER-Balance forward
Accounts Receivables: What feature provides user-friendly names for GL accounts when
entering customer invoices? - ANSWER-Account Labels
Accounts Receivables: What determines how customer discounts can be calculated on the full
transaction amount or total line items only? - ANSWER-AR Terms
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General
Ledger? - ANSWER-Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and
transactions? - ANSWER-Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from
deleting updating invoices? - ANSWER-Enable Reversal of Unpaid Invoices
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Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is available only if
you have enabled what feature in AR Configuration? - ANSWER-Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in
Accounts Receivables? - ANSWER-Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv
import template? - ANSWER-CUST_NAME
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 translate 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
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General Ledger: What do you enable to require approvals for all transactions 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
Time & Expense: What provides recognizable names to the G/L accounts used in expense
reports in the T&E application? - ANSWER-Expense types
Time & Expense: What option enables approvals for paying employee expense reports? -
ANSWER-Expense reports approvals
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