Exam (elaborations)
Sage Intacct questions with verified answers
- Course
- Institution
Sage Intacct questions with verified answers
[Show more]
Content preview
Sage Intacct1.
2. Accounts Payable: How can vendors be organized into categories for reporting? -
ANS-vendor types
3. Accounts Payable: How can you edit accounting information on both partially and
fully paid bills and adjustments? - ANS-reclass
4. Accounts Payable: What determines a vendor's payment due date, discounts for
early payment and penalties for late payment? - ANS-AP terms
5. Accounts Payable: What is the status of a vendor bill that can be reversed? -
ANS-unpaid
6. Accounts Payable: What marks a check number unavailable for re-use and makes
the vendor bill available to be paid again? - ANS-voiding
7. Accounts Payable: What transaction type decreases the amount you owe to a
vendor? - ANS-debit memo
8. Accounts Payable: What transaction type increases the amount you owe to a
vendor? - ANS-credit memo
9. 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? - ANS-top level
10. Accounts Payable: Which report displays a list of vendors to whom you owe or owed
money and how many days you are past due? - ANS-vendor aging
11. Accounts Receivables: How do you post an undeposited funds payment receipt to
cash in Accounts Receivables? - ANS-create a deposit
12. Accounts Receivables: What transaction type decreases the amount a customer
owes you? - ANS-credit memo
13. Accounts Receivables: What transaction type increases the amount a customer owes
you? - ANS-debit memo
14. Cash Management: What creates vendor bills from existing credit card transactions
in Cash Management? - ANS-charge payoffs
15. Cash Management: What field in a checking account keeps transactions separate
when you reconcile accounts and must be unique - ANS-GL account
16. Cash Management: What record is associated with a credit card so you can pay off
charges using Accounts Payable and must be unique? - ANS-vendor
17. 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? - ANS-location ID
18. Cash Management: Where must a checking account be created to use automated
inter-entity transactions? - ANS-top level
19. Company: What do you need to specify during company creation to use the
out-of-the-box account groups and financial reports? - ANS-quickstart
20. Company: What record cannot be restricted in a multi-entity shared environment
when entity restrictions are enabled? - ANS-GL account
21. Company: What type of client environment shares vendors, customers, chart of
accounts, and can create automatic inter-entity transactions? - ANS-multi entity
shared
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Rosedocs. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now