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SAGE INTACCT IMPLEMENTATIONS
2025/2026 EXAM UPDATE: GRADED A
COMPLETE, FULL-LENGTH EXAM WITH
CORRECT ANSWERS
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?
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?
Enforce JE balancing
General Ledger: What does an entity translate to for transacting in a multi-entity shared environment?
Location
General Ledger: What would cause a JL journal entry to fail?
Modifying template header titles
General Ledger: What do you enable to require approvals for all transactions in a particular journal?
Journal Entry approvals
General Ledger: What records are used to track non financial data, such as employee headcount or the number of members?
Statistical Accounts
General Ledger: What process prevents entries and/or changes to a ledger for a specific period?
Closing the books
General Ledger: Which type of journal entry is used for posting to a closed period?
Adjusting
Purchasing: What enables to categorize items for the purpose of posting to specific GL Accounts when using Advanced Workflows in the purchasing application?
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?
Partial Conversion Handling
Purchasing: What dimension represents goods or services purchased from a vendor?
Item
Purchasing: How does the system determine what type of transactions require aproval, what approvals are required, and the sequence of approvals?
Approval Policies
Accounts Receivables: How do you ensure Customer Invoices have no impact on the General Ledger?
Import AR Invoices and select historical posting
Accounts Receivables: How are new IDs or numbers automatically generated for customers and transactions?
Document Sequencer
Accounts Receivables: What accounts Receivable configuration option prevents you from deleting updating invoices?
Enable Reversal of Unpaid Invoices
Accounts Receivables: Displaying tax and subtotal fields on customer Invoices is available only if you have enabled what feature in AR Configuration?
Account Labels
Accounts Receivables: How do you post an undeposited funds payment receipt to cash in Accounts Receivables?
Create a deposit
Accounts Receivables: What field name must be unique when importing customers in a .csv import template?
CUST_NAME
Time & Expense: What provides recognizable names to the G/L accounts used in expense reports in the T&E application?
Expense types
Time & Expense: What option enables approvals for paying employee expense reports?
Expense reports approvals
Time & Expense: How is the manager field used in the employee information screen?
Vendor bill approval
Time & Expense: What record is tied to the employee dimensions so an employee can submit their own expense reports from the T&E application?
User
Order Entry: What do sales orders, sales quotes, and sales invoices represent in the Order Entry application?
Transaction Definitions
Order Entry: How are permissions used within the Order Entry application?
Restrict users to enter transactions within a specific transaction definition
Order Entry: When pricing items in sales transactions, the system determines the calculated amount of the line by using the unit price and the:
Unit of measure
Account Category
Reporting: How do you save a standard report with the present time periods, filters, and format settings?
Memorize
Reporting: A good way to see if your account groups are mapped correctly is to ...
View the Account Group Hierarchy report
Reporting: What rolls-up and organizes General Ledger Accounts, creates headings, subtotals and hierarchies in reports, and is reusable across multiple reports?
Account Groups
Reporting: What account group structure type would you use to show the total revenue per employee on a financial report?
Statistical Category
Reporting: What works in conjunction with reporting periods when running financial reports?
As-Of-Date
Accounts Payable: AP approvals are based on what amount?
Bill Amount
Accounts Payable: What record separates cash and accrual transactions for reporting in the AP configuration screen?
Journals
Accounts Payable: How can vendors be organized into categories for reporting?
Vendor types
Accounts Payable: What determines a vendor's payment due date, discounts for early payment and penalties for late payment?
AP Terms
Accounts Payable: How can you edit accounting information on both partially and fully paid bills and adjustments?
Reclassification
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?
Top Level
Accounts Payable: In a cash basis company, when does the system post a vendor's bill expense account to the General Ledger?
Accounts Payable: What is the status of a vendor bill that can be reversed?
Unpaid
Company: When would you select to use custom accounting periods in a client environment?
13 periods in a year
Company: What type of user can add a journal entry in the system?
Business User
Company: What record cannot be restricted in a multi-entity shared environment when entity restrictions are enabled?
GL Account
Company: If a business user is assigned a role with permissions to approve employee expenses and another role to enter vendor bills, what functions will that user be able to perform in the system?
Approve Expenses and Enter Bills
Company: When a company is created using the Service Industry Quickstart template, what records are not automatically created?
GL Account
Company: What records are not automatically included in a client company created using a console template?
Transactions
Company: A limited admin user cannot perform which function?
Create Admin Users
Company: To make a dimension value required anytime a GL account is used in a transaction, select the dimension on the
GL account screen
Cash Management: What reconciliation method matches up cleared items for you to examine before reconciling the checking account?
Auto-match with review
Cash Management: Where do you enter checks and deposits that were open as of the last bank reconciliation you perfmed before your company migrated to Sage Intacct?
Initial open items
Cash Management: What record is associated with a credit card so you can pay off charges using Accounts Payable and must be unique?
Vendor
Cash Management: Where must a checking account be created to use automated inter-entity transactions?
Top level
Cash Management: What field in a checking account keeps transactions separate when you reconcile accounts and must be unique
GL account
