SAGE INTACCT IMPLEMENTATION EXAM AND
PRACTICE EXAM NEWEST 2024-2025 ACTUAL EXAM
COMPLETE 220 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
SAGE INTACCT IMPLEMENTATION EXAM
CM-004: Payments
Requirement:Cash Management should support recording
payments made to payees (not vendors).
a. Standard functionality
b. Workaround
c. Marketplace solution - ANSWER- Workaround
CM-004: Payments
Requirement:Cash Management should support recording
payments made to payees (not vendors).
Where solution is found in Sage Intacct (if applicable) -
ANSWER- This is a workaround for Cash Management, but
,2|Page
standard functionality in the system. Use General Ledger journal
entries, not Cash Management, to track payments to vendors.
CM-004: Payments
Requirement:Cash Management should support recording
payments made to payees (not vendors).
Solution Description - ANSWER- Cash Management supports
payments to vendors, not payees. These transactions should be
entered as General Ledger journal entries (not Cash
Management transactions) and recorded directly to the cash GL
account.
Configure Cash Management Instructor Guide
Page 314 Sage Group plc— Confidential Information
No configuration needed.
AP-001: Terms
Requirement:System should provide these payment terms for
use with vendor transactions:
Net 7
Net 15
Net 30
Net 45
Due upon receipt
,3|Page
a. Standard functionality
b. Workaround
c. Marketplace solution - ANSWER- Standard functionality
AP-001: Terms
Requirement:System should provide these payment terms for
use with vendor transactions:
Net 7
Net 15
Net 30
Net 45
Due upon receipt
Where solution is found in Sage Intacct (if applicable) -
ANSWER- Accounts Payable > Setup > More > Terms
AP-001: Terms
Requirement:System should provide these payment terms for
use with vendor transactions:
Net 7
Net 15
Net 30
, 4|Page
Net 45
Due upon receipt
Solution Description - ANSWER- Create terms. Terms are
shared with Accounts Payable and Purchasing applications.
Related permissions: AP Terms: List, View, Add, Edit, Delete
AP-002: Vendors
Requirement:System should automatically assign a sequential
vendor ID to imported or manually created vendor records.
a. Standard functionality
b. Workaround
c. Marketplace solution - ANSWER- Standard functionality
AP-002: Vendors
Requirement:System should automatically assign a sequential
vendor ID to imported or manually created vendor records.
Where solution is found in Sage Intacct (if applicable) -
ANSWER- Accounts Payable Configuration
AP-002: Vendors
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