Implementing Sage Intacct Exam Questions with Correct Answers 100% Verified Latest 2024
ME-001: Intercompany transactions
Requirement: Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity.
- Solution type
- Standard functionality
- Workaround
- Marketplace solution - Correct Answer a. Standard functionality
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity.Where solution is found in Sage Intacct (if applicable) - Correct Answer Company > Setup > Configuration > Entities
ME-001: Intercompany transactions
Requirement: System should automatically record an intercompany due to/due from transaction when one entity pays a bill that belongs to another entity.Solution Description - Correct Answer The journal entry is automatically created based on the settings defined on the Inter-entity Setup page. Related permissions: Company > Entities: List, View, Add, Edit, Delete
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific entities.Solution type
- Standard functionality
- Workaround 1 / 4
- Marketplace solution - Correct Answer Standard functionality
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific entities.Where solution is found in Sage Intacct (if applicable) - Correct Answer Company > Admin > Users, roles & groups > Users
ME-002: User access
Requirement: System should support restricting users to viewing and entering data in specific entities.Solution Description - Correct Answer On the User Entity tab, users can be restricted to only access and record data for specific entities. Related permissions: Administrative Permissions > Users: List, View, Add, Edit, Delete, Permissions
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.Solution type
- Standard functionality
- Workaround
- Marketplace solution - Correct Answer a. Standard functionali
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.Where solution is found in Sage Intacct (if applicable) - Correct Answer General Ledger > All > Accounts > General Ledger Accounts 2 / 4
GL-001: Accounts
Requirements: System should allow specific users to create, edit, and delete General Ledger accounts.Solution Description - Correct Answer No configuration needed. Related permissions: Journal Entries: Reverse
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.Solution type
- Standard functionality
- Workaround
- Marketplace solution - Correct Answer Standard functionality
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.Where solution is found in Sage Intacct (if applicable) - Correct Answer General Ledger > All > Accounts > Statistical accounts
GL-002: Accounts
Requirement: System should support recording non-monetary numeric transactions, such as employee headcount and square footage.Solution Description - Correct Answer No configuration needed. Related permissions: Statistical Journal
Entries: List, View, Add, Edit, Delete, Reverse
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a future period.Solution type 3 / 4
- Standard functionality
- Workaround
- Marketplace solution - Correct Answer a. Standard functionality
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a future period.Where solution is found in Sage Intacct (if applicable) - Correct Answer Set the option If future GL posting date to Allow and warn. Related permissions: Administrative Permissions > Application
Subscriptions: Configure
GL-003: Journal entries
Requirement: System should display a warning if the user tries to post a journal entry with a date in a future period.Solution Description - Correct Answer General Ledger Configuration
GL-004: Journal entries
Requirement: System should support reversing journal entries
Solution type
- Standard functionality
- Workaround
- Marketplace solution - Correct Answer a. Standard functionality
GL-004: Journal entries
Requirement: System should support reversing journal entries
Where solution is found in Sage Intacct (if applicable) - Correct Answer On the journal entry or journal entry list, select Reverse.
GL-004: Journal entries
Requirement: System should support reversing journal entries
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