NetSuite NetSuite Financial User NetSuite Financial User Certification Online Training
NetSuite NetSuite Financial User Online Training
The questions for NetSuite Financial User were last updated at Oct 19,2024.
- Exam Code: NetSuite Financial User
- Exam Name: NetSuite Financial User Certification
- Certification Provider: NetSuite
- Latest update: Oct 19,2024
How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?
- A . use separate fiscal calendars
- B . use classes
- C . use the multi-book accounting feature
- D . use subsidiaries
which two steps are recommended to track travel expenses by department (choose 2)
- A . make department options
- B . use separate general ledger accounts for each internal department expenses
- C . make department mandatory
- D . share general ledger accounts between departments
How does NetSuite set up a company record when you buy from and sell to the same company?
- A . either the vendor or the customer can be set as "Parent of" the other record to link them
- B . NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records
- C . NetSuite uses a single company record to track this combined relationship
- D . NetSuite uses unrelated customer and vendor records to track these
Which 3 statements are true about parent accounts in NetSuite (choose 3)?
- A . child accounts are created by setting the subaccount of field
- B . checking the summary box allows the posting of reversing journal entries to this account
- C . parent accounts can be posting or not posting
- D . parent accounts are created by setting the "parent of" field
- E . checking the summary box on the account record prevents anyone from posting activity to the account
which two settings are needed for billable items to appear on the customer invoice (choose 2)
- A . billable checkbox
- B . customer
- C . invoice number
- D . memo
which 2 record types can be applied to customer payment (choose 2)
- A . refund
- B . credit memo
- C . customer deposit
- D . cash sales
which transaction transfers the customer deposit liability to offset the invoice accounts receivable GL impact?
- A . sales order
- B . journal entry
- C . deposit application
- D . credit memo
A sales order should be billed when certain key project tasks have been completed
- A . time and material
- B . charge based
- C . fixed bid milestone
- D . standard
which statement is true about assigning a billing schedule to an item record?
- A . it forces all the lines on sales order to have billing schedule
- B . it requires that items on the same sales order have billing schedule of some kind
- C . it requires that all items on the sales order used same billing schedule
- D . it ensures that item will always have the billing default in correctly on the sales order
Which two statements are true about vendors and multicurrency (choose 2)
- A . vendors can have up to 5 currencies
- B . the currency on the purchase order can be changed at the point when purchase order is billed
- C . the primary currency is used for the credit limit
- D . to remove a currency from a vendor, you must first close any open transactions in that currency
- E . currencies must be added to the Vendor before being used on transaction
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