NetSuite Financial User

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...

A sales order should be billed when certain key project tasks have been completedA . time and materialB . charge basedC . fixed bid milestoneD . standardView AnswerAnswer: C

which two steps are recommended to track travel expenses by department (choose 2)A . make department optionsB . use separate general ledger accounts for each internal department expensesC . make department mandatoryD . share general ledger accounts between departmentsView AnswerAnswer: C

Which two statements are true about vendors and multicurrency (choose 2)A . vendors can have up to 5 currenciesB . the currency on the purchase order can be changed at the point when purchase order is billedC . the primary currency is used for the credit limitD . to remove...

Write Check transaction and a Pay Vendor transaction the difference?A . only pay vendor bill post to the general ledgerB . only pay vendor bill reduces APC . only write checks reduces APD . only write checks is from bank accountView AnswerAnswer: D

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. memoView AnswerAnswer: A.D

Which statement is true about budgets in NetSuite?A . budgets must be entered manuallyB . budgets can only be created for income and expense accountsC . budgets hold setting for expenses will prevent overspendingD . Multiple budgets can be created for the same year and criteriaView AnswerAnswer: D

Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)A . custom sections are restricted to one account typeB . formula rows calculate from the row immediately aboveC . Each financial section has its own header and summary rowD . Each section can be...

Which expense allocation use case requires the use of statistical accounts?A . static division of rent-based locationB . predefined split of marketing costs among sales channelsC . even 50/50 split of receptionist salary based on departmentD . Division of recruiting based upon headcountView AnswerAnswer: D

which 2 record types can be applied to customer payment (choose 2)A . refundB . credit memoC . customer depositD . cash salesView AnswerAnswer: B.C