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A search is needed to list all customer AR balances as of the end of the previous quarter. Which search type and criteria should be used when creating thi... [Show More] s search? A. Customer Search joined to Paid Transactions for selecting transactions prior to Quarter End date, summarized by customer B. Transaction Search selecting transactions dated prior to Quarter End and posted to the AR Account, summarized by customer C. Transaction Search selecting transactions dated prior to Quarter End and of type Invoices, Credit Memos, and Payments, summarized by customer D. Customer Search where Balances are greater than 0 joined to Applied To Transactions for selecting paid transactions prior to Quarter End date, summarized by customer B Which two result display options in a Search will allow an Administrator to find the largest Sale Order ($) for each Sales Rep? A. Field: Amount, Function: Sum B. Field: Amount, Summary Type: Maximum C. Field: Sale Rep, Summary Type: Group D. Field: Customer, Summary Type: Group B & C Which search is needed to identify customers that are located in California in the area code of 415 or customers located in New York City, New York. A. State/Province = California, New York, AND, Phone = starts with 415 B. (State/Province= California, AND, Phone = starts with 415) OR (State/Province = New York, AND, City = starts with New York) C. (State/Province= California, AND, Phone = starts with 415) AND (State/Province = New York, AND, City = starts with New York) D. (State/Province= California), AND, (Phone = starts with 415) OR (State/Province = New York, OR, City = starts with New York) B What information does Analytics Audit Trail Search Type generate? Choose 2. A. When a search or report was last viewed and who viewed it. B. The IP address and login of the last person who ran a search or report. C. When was a report or search last run and how many times it has been executed. D. Changes or deletions made on Saved Search, Saved Report, and Report Schedule. C & D Where does a Pricing Search source its information? A. Item Pricing on the Item record B. Group Pricing tab from Item Records C. Price Levels set on Customer Records D. Item Pricing tab from Customer records A Each Sales Rep needs a list of their own New Sales Orders for the month-to-date. The Sales Rep Manager will also want to receive the report with the same data the Sales Rep receives. What is the best way to create and automate this list? A. Create a custom Report from the Sales Rep Detail report. Grant access to the report to all the Sales Reps and Managers. B. Create a search for Last Weeks Orders by Sales Rep with criteria Sales Rep is "-mine-". Send the search link to each member of the team to run as needed. C. Create a search for Sales by Sales Rep and schedule it to run prior to the meeting. Using email notification send the results to the Sales Rep and Manager recipients. D. Create a custom Report from the Sales Rep Detail Report and schedule the report to run prior to the meeting. On the schedule, make the recipients the Sales Reps and Managers to email the report. C How can an Administrator notify the Order Processing Group when a new Sales Order is entered? A. A Report of new Sales Orders scheduled and sent to the Individual members of the Order Processing Team every hour. B. A Search of new Sales Orders scheduled and sent to the Individual members of the Order Processing Team every hour. C. A search of Sales Orders with email notification on new records which triggers an Alert to send the search data to the Order Processing Group. D. A Report of Sales Orders with email notification on new records which triggers an Alert to send the search data to the Order Processing Group. C How can an Administrator customize a standard report displaying only the Service Department expenses, grouped by Month? A. Set the Column footer field to Department, and set the Date range to This Month. B. Set the Column footer field to Month, and customize the report to Filter by only the Services department. C. Set the Column footer field to Month, and customize the report to include the Department column and move it all the way to the left. D. Set the Column footer field to Department, and customize the report to include the Month field and move it all the way to the left, and select the Group With checkbox. B A custom report for the CFO was created, but the CFO cannot view the report. A. User controls B. Audience controls C. Drill Down Report controls D. Show on Reports page controls B Which three report builder features will help create custom reports for the Purchasing Manager that shows purchases by vendor, comparing this year to last year, and the percent difference? A. Formula Field B. Alternate Date Range C. Add % of Total Column D. Alternate Date Range Type A, B, D Identify the simplest approach to provide a specific employee temporary dashboard publishing capability? A. Modify the Center role to include the Publish Dashboard permission. B. Add the Publish Dashboards permission to employee's Global Permissions. C. Enable the Global Dashboard Permissions feature. D. Create a Custom Role with the Publish Dashboard permission. B Match the dashboard elements to their use case. A. ___ A Professional Services Manager requires a list of standard Project Metrics. B. ___ An Account Manager requires a visual comparison of Open Invoices with date range options. C. ___ A Sales Manager requires a visual representation to view the existing Actuals Vs Forecast. D. ___ A Support Manager needs a comparison of the New Cases and Escalated across multiple date ranges 1. Key Performance Indicators 2. KPI Meter 3. Reports Snapshot 4. KPI Scorecard 1, 3, 2, 4 Which two types of forms can be selected under the "Linked Forms" tab when editing the standard Purchase Order form? A. Vendor Bill B. Sales Order C. Item Receipt D. Vendor Credit A & C How can an Administrator set the field order of a new custom field located in the Main tab of a custom Customer form? A. Edit the field order on the Lists tab of the custom form B. Edit the field order on the Fields tab of the custom form C. Edit the "Insert Before Field" value on the Display tab of the custom field setup screen D. Adjust the field order by editing the custom field > select the "Apply to Forms" button and modify the Field Order column B [Show Less]
Which 3 requirements can be addressed using standard NS functionality in Accounting Preferences? 1. Automatically Email Drop Ship PO's, 2. Send Order Fulf... [Show More] illed Confirmation Emails, 3. Send Email Confirmation when SO is cancelled. A company has decided to use the Class segment to track product lines on sales. They would like to force users to enter a value in this field and have configured the system to show the class field at the line level of transactions. What 2 configs are required? 1. Enable the account pref: Make Classes Mandatory, 2. Create a dummy value called "No Class" Which action is recommended for undesired accounts in preparing for go-live Leave undesired accounts active in case transactions post to them What is a benefit of viewing Chart of Accounts with Show Inactives Marked Amounts posted to inactive default accounts are visible Which 3 valid characteristics affect seeting up and assigning NS default segments (Dept/Class/Location) 1. Locations are available for tracking inventory, 2. Segmenets can be used to restrict data access, 3. Departemnets can be defined in a hierarchy for reporting purposed Which segment combinations require SuiteScript? Limit Class to specific Departments (no Script required: Limit account to specific Class or subsid, and limit dept to subsid) Which two statements are true about the Multiple Calendars feature Without this feature, the Tax Years are the same across all subsids, AND With this feature, different fiscal calendar defs can be used on the same subsid for accounting & tax periods What is the impact of enabling the "Void Transactions Using Reversing Journals" setting It displays a VOID button on the transaction and creates a Reversing JE All multi-curr features are enabled in a One-World account. What does the Base Currency column with a value of "Yes" mean The currency is used on subsidiary records or the company information Which functionality is included when the Consolidated Payments feature is enabled The A/R Aging report shows the un-consolidated balance for each sub customer A company has customers with centralized purchasing departments that buy products for multiple locations at the same time. The customers want the products shipped to different locations from the same order. Which 2 features need to be enabled? Multiple Shipping Routes & Enable Line Item Shipping A company's corp policy requires re-approval for any changes made to approved sales orders prior to fulfillment. A SO was entered, approved, then changed but did not go back thru the approval process. Why? The "Require re-approval"pref is not set A customer has multiple open SO's on file. A customer deposit is applied to the wrong sales order. What process to unlink? Change the SO to a cash sale What are 2 considerations for shipping integration Tracking numbers assigned on the fulfillment flow back to the SO, and Both FedEx and UPS support use of negotiated rates Which statement is true about enabling the Multi-Location Inventory feature? The Enable Multi-Lccation Inventory feature can be enabled anytime after enabling the Inventory Feature An employee reports eight hours of consulting services for 3 days to the same customer. Which 2 invoicing prefs will produce an invoice within 24 hours of time at the billable rate? Group Time by Employee, and Combine Time Items on Invoices A company sells yearly service contracts for $1,000 that require 10% initial fee. These are sometimes discounted. They bill at the end of the month. What's the settings Initial Amount set to 10%, In Arrears is Enabled, Recurrence count is 12 Revenue Commitment Allows recognition of revenue before invoicing VSOE Allows auto-allocation of revenue across elements sold in a bundle Revenue Recognition Schedule Shows list of Rev Rec JE to be generated Revenue Recognition Template Allows definition of % of rev to be recognized up front With credit card integratino enabled, what happens when a standalone cas sale is saved Authorize and charge/capture credit card Which statement is true about the default impact of receiving a customer return Returned item is added to available inventory What impact does the manager commission sched have on the commissions a manager receives Manager schedules calculate commission for Sales Managers based on the sales made by Sales Reps they manage, as well as the sales they make directly which center type is used to grant customers access to "My Account" Ecomm Center A company is a big box retailer of kitchen appliances. Each appliance has a unique 13-digit alphanumeric code serialized inventory items Best practice for ensuring accurate inventory quantities Create an inventory adjustment where each line item represents the item cycle counted and its corresponding difference Which two statements are true about intercompany inventory transactions Drop Ship and Special Order are both supported between subsidiaries, AND Pick Pack Ship is an otion for Interco transfers which 3 actions are supported using assembly functionality Including Service Items, Serialized, Lot Number Items, and tracking variation in quantities of components which 3 statements are trure about landed cost setup features 1. Multiple Landed Cost Categories can be applied to an Item receipt, 2. Landed Cost can be allocated by Weight, Cost, Quantiy, or manual, 3. Both the Inventory Item and the Landed Cost item must be marked Landed Cost = TRUE Landed Cost can be by Weight, Cost, Quantity, or manual Pricing applied according to the quantity included in the line item by Line Quantity Pricing is applied for all line items for the same item on a transaction by Overall Item Quantity [Show Less]
How many times can you defer setting security questions Four Where are password complexity rules set Setup>Company>General Preferences What... [Show More] are the password admin sections Policy, Length, Expiration in days (blank = 180, max = 365) What happens when a user forgets their password? Wrong attempt 6 times = 30min lockout What is Strong password policy Min 10 and 3 or four character types What is Medium Password policy Min 8 and two of four character types What is Weak password policy Min 6 and one of the four character type When is it OK to use weak password policy In a test or training system with no live data What are the four types of character used to define password complexity UpperCase, LowerCase, Number, Non-alphanumeric How often may previous passwords be re-used Never Password length can be increased or decreased once choosing a policy Incorrect it can only be increased When are security questions prompted When a user attempts to log from a different computer/browser Where can users reset security questions Home dashboard > Settings Portlet What is a Netsuite Center Grouping of tabs displayed across the users page What is the Classic center The default center (interface) for Administrators What center does an Admin receive by default The Classic center What is the difference between the classic centre and other centres Lists/Transactions tabs are replaced by tabs that refer to the specific transaction/entities that relate to the role ie Customers, Vendors etc Can a non-Admin use the Classsic centre? Yes but they don't get Admin rights, simply the classic tabs for navigation. How is a portlet setup/edited Clicking Top-Right on the three bars > Setup Where can a user determine the version of Netsuite being used Bottom of the screen e.g. 2018.1 (Q1/Q3 releases each year) Where can a user change their password Settings portlet (user must meet security criteria) What are the Password Criteria Password sufficiently different, Does not contain illegal characters, Meets min length, 2 x copies of new password match Unchecking Hide Answers displays previously entered security questions? False. Existing security questions are NOT displayed once saved. Hide Answers shows what we are typing when we update security question answers Set preferences changes setting for the users and everyone in a shared group False, Set Preferences only affects personal preferences. Where can the user set colours/logos for their Netsuite messages In the signature box under Settings>General as the signature box accepts html markup What preferences can be set under Settings > General Language, Number (-ve) format, Date format, time format, phone number format, decimal format User can always set personal prefs False - Adminstrator may lock preferences Where are appearance settings handled Set Preferences > Appearance > Colour Scheme / Fonts etc Duplicate transaction warnings Set Preferences > Transactions Where can the user filter out all data except that from a particular subsidiary/location/department Set Preferences > Restrict View Where can the user customise the layout and content of their dashboard Using Personalize > Standard Content, Report Snapshot, Trend Graph What does My Login portlet do Failed attempts, password expiry, previous password change What are list People, places, things What are transactions Movements of money or value What is a form A set of fields collected to enter data What is a record How the entered data is stored in Netsuite? What is the purpose of custom forms Used to add/hide/restrict/enforce fields for the user often as part of security profile in a role How can user search for data Global search use page: not rep: What is the filter for reports Page: (not rep:) How are records renamed Setup > Company > Rename Records/Transactions Where can the user find a list of all the search filter abbreviations Setup > Company > Rename Records/Transactions (use first three letters) Where can a user set to be notified of specific events Set Preferences > Alerts [Show Less]
53) What is the most popular method to find almost anything? A. Navigating the tabs B. The save Quick Links C. Using the Global Search D. None of the... [Show More] above C. Using the Global Search 55) It is recommended you leave the dashboard up at all times. A. True B. False A. True 56) The Global Search can be found on any NetSuite page. A. True B. False A. True 57) The Order is billed during the Fulfillment Process. A. True B. False B. False 58) The three main steps during an order fulfillment are: A. Picking, Packing, Billing B. Picking, Packing, Shipping C. Picking, Fulfilling, Shipping D. Picking, Packing, Fulfilling B. Picking, Packing, Shipping 59) A customer receives an email with the tracking information when the order has been marked Shipped . A. True B. False A. True 60) What is the best way to search for a customer in a sales order if you do not know their customer number? A. Using the Zip Code B. Using the Full Name and Zip Code C. Using the First and Last Name D. Using the Last Name and Zip Code D. Using the Last Name and Zip Code 61) How many ways were described in the PowerPoint to bring up a new sales order? A. Two B. Three C. Four D. Five A. Two *This question is not on the Exam* 62) A Sales Order must be created for an order to ship out properly. A. True B. False A. True 63) A Cash Sale can be created when: A. A walk in customer pays with a check for in stock items. B. An employee wants the purchase taken out of the check. C. A walk in customer pays with a credit card and all items are in stock. D. A walk in customer pays with a credit card and there is a Kit on the order. C. A walk in customer pays with a credit card and all items are in stock. 64) The Production time is added to the work order in the: A. Memo B. Special Instructions C. Item Description D. Production/Assembly Start Box A. Memo *Not sure if this is even on the Exam* 65) Identify impact of controls on steps in Return Management and issuing refunds -> i.Navigation Bar: 1.Recent Records: recently viewed records 2.Shortcuts : shortcut menu 3.Home : Brings you to dashboard page 4.Activites, Transactions, Lists, Reports, Customization, Documents, Setup, Support ii.Dashboards 1.3 custom searches, 1 KPI, 1 KPI scorecard, 1 quick search iii.Global Search 1.: and ^ indicate prefixs that limits search to a specific record type 2.% character is a wildcard 3.+ at the end includes inactive records 4.use dash prefix to go directly to dashboard A. True B. False A. True 66) What are the fields you need to fill up to give a user access to the account? Choose 3. A. Email B. Give Access C. Permission D. Subsidiary E. Name F. Role A. Email E. Name F. Role 67) Enabling Tax Features: Advanced Taxes allows you to use tax schedules to track taxes for each nexus in which your company is required to pay tax. If you enable Advanced Taxes, you can still disable it in the future. A. True B. False B. False 68) Enabling Accounting Features: Enabling this feature creates the system-generated Unbilled Receivables account. Select one of the following: A. A/P (Accounts Payable) B. Revenue Commitments C. A/R (Accounts Receivable) D. Amortization C. A/R (Accounts Receivable) 69) This is a dynamic data display window. It contains hyperlinks, present metrics, and displays list of info. Select one of the following: A. Portlets B. Overview Page C. Center D. Dashboard B. Overview Page 70) This is a visual work space. It can be tailored to have content that are relevant to user. It can be personalized by publishing dashboard to group of user or allowing individual user to personalize it. A. Overview Page B. Center C. Portlets D. Dashboard D. Dashboard 71) As long as Allow Child Record Editing Option is enabled for the record type, child records can be editable in parent records. A. True B. False A. True 72) Match the characteristic to the country-specific edition. Use each option once. -Supports VAT Taxes ( ) -Supports Consumption Tax( ) -Supports GST and PST taxes ( ) -Has no tax items pre-configured ( ) -Pre-defined tax tables are available tables are available for import, triggered manually ( ) -UK -US -Japan -Canada -International -Supports VAT Taxes (UK) -Supports Consumption Tax(Japan) -Supports GST and PST taxes (Canada) -Has no tax items pre-configured (International) -Pre-defined tax tables are available tables are available for import, triggered manually (US) 73) Which feature allows the tracking of inventory and pricing of items separately based on item options? A. Matrix Items B. Serialized Inventory C. Multiple-Location Inventory D. Multiple Units of Measure A. Matrix Items 74) Which feature gives warehouse and accounting departments separate processes for working with purchase orders? A. Advanced Billing B. Advanced Receiving C. Pick, Pack, Ship D. Advanced Inventory Management B. Advanced Receiving 75) Where can an Administrator find the option to allocate expenses? A. Enable Features B. Expense Categories C. General Preferences D. Accounting Preferences A. Enable Features 76) What are two ways classifications can be tied to a sales transaction? Choose 2 Answers. A. Subsidiary may be input on the line level B. Department is only selected at the line level C. Class can only be assigned at the header level D. Subsidiary populates in the header from the customer E. Location can be assigned the header or at the line level B. Department is only selected at the line level E. Location can be assigned at the header or at the line level 77) What is the recommended practice for reporting on Accounts Payable by office? A. Define new Gl account type B. Define the classification on the transaction C. Create new GL subaccounts for each office D. Create a separate Chart of Accounts for each office C. Create new GL subaccounts for each office 78) Which two statements are true about setting up subsidiaries in NetSuite? Choose 2 answers. A. subsidiaries with posted transactions cannot be deleted B. It is difficult to change the subsidiary hierarchy after creation C. Every OneWorld account must have elimination subsidiaries D. Subsidiaries that transact with each other must share the same parent A. subsidiaries with posted transactions cannot be deleted B. It is difficult to change the subsidiary hierarchy after creation 79) What are two considerations when establishing elimination subsidiaries in a OneWorld account? Choose 2 answers. A. Only journal entries are permitted B. They dot not count for license fees C. They count toward the 75-subsidiary limit D. Every child subsidiary must have a matching elimination sub A. Only journal entries are permitted B. They dot not count for license fees 80) How can NetSuite be updated to incorporate revised US state tax rates? A. rerun the tax import for the affected state B. Create new Tax Groups with the new rates C. The system automatically updates tax rates D. Revise the Tax Codes with the new tax rates A. Rerun the tax import for the affected state 81) Taxes have just been configured for a new tax jurisdiction, no tax was calculated as expected. What are three possible reasons the tax was not calculated? Choose 3 Answers. A. Tax Period is not applied to the Nexus B. Sales Tax lookup is unchecked for the Nexus C. Item Schedule Nexus is not defined as taxable D. The tax jurisdiction Nexus is missing from the subsidiary B. Sales Tax lookup is unchecked for the Nexus C. Item Schedule Nexus is not defined as taxable D. The tax jurisdiction Nexus is missing from the subsidiary 82) Which three statements are true about Custom subtabs? Choose 3 answers. A. They cannot be seen until a field is assigned to it B. They should be created before custom fields are created C. They can be created for item, CRM, Entity, and Transaction records D. They can have an unlimited number of parent-child-grandchild relationships A. They cannot be seen until a field is assigned to it B. They should be created before custom fields are created C. They can be created for item, CRM, Entity, and Transaction records 83) What are two ways a custom form can be assigned as the role's Preferred Form? A. When customizing the form, select the role on the Roles Tab B. When customizing the role, select the form on the Forms tab C. When customizing the form, uncheck the box for Custom Form D. When customizing the employee, select the form on the Access tab A. When customizing the form, select the role on the Roles tab B. When customizing the role, select the form on the Forms tab 84) When should the Store Value box on a custom field be unchecked? A. When including a hyperlink, to see that link on the form B. When calculating a value, to see that number on the form C. When sourcing in a Customer ID, to see that ID on the form D. When custom Date field is used to capture a Contact's birthday A. When including a hyperlink, to see that link on the form [Show Less]
SuiteBuilder is a point and click tool for customization True Use a _________ ________ to control how information is entered and viewed Custom For... [Show More] ms A custom record may be a better option than adding too many custom fields to an existing record True? Preparation for the Data Import is crucial to a successful import True? How can I create a CSV template to use for an import template? Export a List view All records may be imported via the import assistant False What sort of criteria can you set by going to Setup > Company > Duplicate Detection? Fields to match on, uses a saved search functionality. Which include email, name, etc. Not all fields are allowed. Custom fields are allowed on Customer, also address, first name, last name, phone Whether a company or an individual, NetSuite should look at the email address in the exact same way False. Duplicate detection uses the domain name for company evaluation and uses the full email address for contact, individuals. How would you simultaneously edit/change multiple records at once? Mass Update Which features allow editing records directly from a list? Inline Editing Account Numbers are Mandatory in the Chart of Accounts False Turn on this feature at Setup>>Accounting>>Accounting Preferences>>General You cannot setup past and future accounting periods False You cannot do Cash Basis reporting False. Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit and go to More Options Subsidiary Create for each legal entity Opening Balance Balance for each general ledger account Classifications Facilitates financial segmenting using departments, classes, and locations Accounting Periods Ability to have transactions posted to a period, rather than just a date Tax agencies are whom we pay collected taxes True (as vendors) Tax control accounts can be set up manually True, but only through the Tax Control Account Setup A tax nexus defines the tax jurisdiction, where business is transacted True A subsidiary can only have one tax nexus False. Nexus Sublist is available to add multiple Tax schedules are a functionality of Advanced Taxes and determine the tax treatment of items purchased and sold True Inventory items can also include serialized and lot numbered inventory if those features have been enabled True Non-inventory items are only available for purchase False For Purchase, For Resale, For Sale Service items cannot be fulfilled False Name the three NetSuite classifications available for reporting and the GL Location, Class, Department True or False: Combine the use of classifications with the general ledger account to simplify your chart of accounts True Account numbers are mandatory in NetSuite's Chart of Accounts False Which feature allows transacting business with vendors and customers in different currencies Multiple Currencies What is base currency? Base currency is the currency used for your company's, subsidiaries', books The NetSuite _________________ supports localized handling of taxes NetSuite Edition True or False: Assemblies, Kits and Item Groups all act the same way in NetSuite False If I want to sell an item at different prices, I use _________ __________ Price Levels What type of pricing considers the number of items bought? _____________ __________________ Quantity Pricing Can you name some of the different types of sales orders? ______________ ______________ ______________ Standard Sales Order - Cash Sale Standard Sales Order - Invoice Standard Sales Order Standard Sales Order - Progress Billing A _____________ ______________ decreases the amount a customer owes. Credit Memo True or False: An Invoice is open until paid. True Can I accept money from a customer in advance of an order in the system? If so, how? Yes, Customer Deposit I received a partial quantity of PO line item, the vendor will never ship the remaining quantity. How should I handle the PO and billing the PO? ... I need more control of purchase orders approvals. What can I do in NetSuite? Turn on Approvals for POs How can I maintain more control over Vendor Bills and the payment of those bills? Turn on Vendor Bill approvals I want to save data entry time on a transaction that occurs monthly. What type of action can I take on a transaction? Memorized Transaction I need to start closing accounting periods. What can I do? Go to Setup>Accounting>Manage Accounting Periods>Checklist True or False: Reports cannot be customized False True or False: Saved searches only expose standard NetSuite fields False True or False: NetSuite's data structure incorporates many unique tables True NetSuite One World allows you to set up multiple _________ _________ in one NetSuite account, using subsidiaries Legal Entities [Show Less]
Invoice GL Impact vs. Standalone Invoice Debit AR/ Credit Sales Income. Standalone: Debit AR/ Credit COGS When are statement charges used? Use in... [Show More] stead of invoice when you want to see several charge accumulate before billing a customer. Debit AR/ Credit Sales Income Non posting NS Transactions Estimate Liability Adjustment Opportunity Payroll Adjustment Purchase Order Return Authorization Revenue Arrangement Sales Order Transfer Order Vendor Return Authorization Work Order T/F Multi-location & multi-currency can be disabled after they are enabled False. Neither can be disabled How many subsidiaries are supported in NS? 74 subs, & 1 root Note: set up base currencies before setting up Multiple Fiscal calendars fiscal calendars can be set up for each subsidiary note: need to enable multiple calendars Tax editions & international subs supported by NS US, CA, JAP, UK, AU, XX What is the correct order to set up taxes if subsidiaries share nexuses? sub, tax agency, nexus, tax code T/F Sub-customers can be linked across only if accept payment through parent is disabled True purpose of a tax schedule define treatment of items in each nexus Which tax editions have precoded tax? Yes: US, CA, JAP, AU, UK No: XX What type of tax for each of the tax editions? US: state tax imports CA: GST/PST JP: consumption tax AU: GST UK: VAT XX: need to install bundle Which tax editions have separate tax/reporting periods? Yes: JAP, AU, UK, XX --> can tie a fiscal calendar to a tax period if needed No: US, CA How to set up taxes? Set up like accounting periods, unless it's US/CA. Then use nexuses/tax codes Define nexus jurisdiction where you collect tax 1 per sub in a one world account is automatically set up --> can set up more if needes US needs 1 for every state in which you collect taxes tax code amount of tax applied to item on transaction tax schedule per item per nexus functionality of Advanced Taxes determine the tax treatment of items purchased and sold tax agengy vendor making payment to on behalf of customers tax schedules ... acceptable file types for importing bank data OFX, QFX, QIF T/F Elimination subs don't need to have the same currency as parent false - they need to have the same currency as parent sub consolidated exchange rate applied to consolidated reports, set per accounting period base currencies for one pair of the related subs manually edit/auto calculate rows or both currency exchange rate applied to transactions and uses the as of effective date base currency and 1 foreign currency manually add new rows with effective dates or use exchange rate integration for auto daily updates what do you set up to handle processing between 2 currencies? default exchange rates how does multi-currency customers and vendors work in NS? both allow a base and alternate currency what is suite flow used for? conditionally enable fields based on role conditionally default data approval processing approval reminder emails lead nuturing automation based on changed to related records when to use suitescript? customer server requests from browser create transactional records sublist manipulation redirect user suitelet update related records copy, print, delete, attach records processing searches & dynamic searches web service calls scripted portlets entire new applications Netsuite limitations that need suitescript accessing a sublist calling web service updating a different record initiating a workflow on related record designing complex business logic inventory worksheet vs. adjust inventory inventory worksheet - exclusive of current inventory (whatever to enter is what the new inventory level is -->CSV importable -->not available for lot/serialized items adjust inventory - inclusive of current inventory(whatever you type in will be added or subtracted from current inventory levels -->considers fifo/lifo [Show Less]
Take the sample exam online here. https://www.classroomclipboard.com/876109/Test/99219B4D-BED8-4606-A82A-5CB05BFE3B98 Access Code: D7THL2E Reven... [Show More] ue Recognition - Revenue Commitment Separates the billing and revenue recognition functions, enabling you to recognize revenue and bill customers at different times and to recognize revenue in amounts that differ from the amounts billed to customers. A revenue commitment is a non-posting transaction. It serves as the placeholder for the revenue recognition schedule that generates the posting revenue recognition journal entries Revenue Recognition - VSOE Vendor-Specific Objective Evidence (VSOE) feature to ensure that your company properly recognizes revenue for products and services sold as part of a bundle. Revenue Recognition - Revenue Recognition Schedule Determined the journal entries that need to be generated to record the impact of item sales. Revenue Recognition - Revenue Recognition Template Indicate how revenue from associated items should be posted Landed Cost - Landed Cost can be by Weight, Cost, Quantity, or manual Item Pricing - Pricing applied according to the quantity included in the line item By Line Quantity Item Pricing - Pricing is applied for all line items for the same item on a transaction By Overall Item Quantity Item Pricing - Pricing is applied for all items in the same hierarchy by Overall Parent Quantity SQL Functions : NULLIF To avoid divide by zero errors; if the results is zero, replace with null SQL Functions : CASE Returns value based on different conditions SQL Functions : IS NULL Display "unassigned" in results if blank SQL Functions : TO_CHAR Display date by day of the week SQL Functions : DECODE Compares 2 values, then returns specified parameter if they match Custom Records - Enable Optimistic Locking Causes the system to check for conflicting updates when users attempt to save updates to a custom record instance Custom Records - Enable Inline Editing Allow records to be edited directly when they display as a LIST Custom Records - Enable System Notes Tracks all changes made to a record Custom Records - Allow Child Record Editing Allow records to be edited directly when they display as a SUBLIST True or False: A disabled field can display a default value TRUE True or False : A disabled field is not available for transaction line (column) fields FALSE True or False : If a field does not have a default, sourced, or custom information, it will not display on a form FALSE What is the impact of using the "Filter Using" setting when creating a custom Trans Body field, beyond allowing the user to source data onto the transaction? This field allows the dynamic filtering of the list/record field by a particular attribute True or False : There is an "in Transit" option for inventory during which time it is not counted as an asset for either subsidiary FALSE Tax - If subsidiaries share multiple Tax Nexuses, what is the correct order 1. International Tax 2. Subsidiary 3. Tax Agency 4. Nexus 5. Tax Codes, groups, schedules, types, periods Tax - What are the 6 tax editions in NetSuite International, US, Japan, UK, Canada, Australia Subsidiaries : Contacts associated with 1 sub may be linked to a customer/vendor associated with another sub Transactions are never against the contact Sub-customers associated with 1 sub can be linked to parent customers associated with another sub Only if accept payment thru parent is disabled Tax - Tax Period Defines a period over which your company tracks tax. A tax period can be a month, a quarter, or a year, depending on the frequency of your tax submissions or what your business has agreed with the local tax agency. You can run monthly, quarterly, or annual VAT/GST reports in NetSuite. Available in all non-US & non-Canada editions Tax - Tax Nexus A nexus is a tax jurisdiction. Nexuses are part of the NetSuite Advanced Taxes feature, required for NetSuite OneWorld. Each subsidiary must be associated with at least one nexus. The first nexus is automatically assigned to a subsidiary based on the country entered for the subsidiary's address. A subsidiary can have more than one nexus. A nexus and its related tax items can be shared by multiple subsidiaries. Tax - Tax Type A tax type determines where the tax paid or collected is tracked on the balance sheet. The balance sheet account to which NetSuite posts the collection or payment of tax is called the tax control account. Tax - Tax Code Contain information about tax rates and the types of transactions that the tax codes should be applied to. Tax - Tax Schedule Determine how NetSuite calculates taxes for items in each nexus. Tax - Tax Group Combines several tax codes that can then be applied to a transaction, even if the taxes are paid to different jurisdictions. Tax - Tax Agency Vendor These vendors represent taxing authorities to whom you pay collected taxes. Year End Manual Close Manually post the year end journal entry to zero amounts in P&L and post to Retained Earnings Consolidated Exchange Rates vs. Currency Exchange Rates Consolidated applies to: consolidated reports, set per accounting period, base currency for one pair of related subsidiaries, manually edited in the Consolidated Exchange Rates Table Currency exchange rate applies to: transactions, "as of" effective date, base currency and one foreign currency, manually add new rows to Currency Exchange Rates You can change the primary currency on a customer or vendor record, resets the default for transactions, credit limits, and aggregate balance If primary currency is changed you must re-enter the credit limit, cannot remove any currencies which have transactions against them Advanced Inventory Management Calculate reorder based on historical data; Assumes demand is mostly constant; Reordering based on reorder point may create excess inventory Demand planning Ordering based on the expected demand. Demand can be calculated based on: * Outstanding CRM data (i.e. opportunities, estimates & sales orders * Projection of historical demand mathematically Provides ability to use the sales history of another item for calculations Items - Assembly Items Members: non inventory & other charges; item price is INDEPENDENT of members; separate COGS, income from components; decrease asset accounts of member items and increase asset account of the assembly [Show Less]
Which three requirements can be addressed using standard NetSuite functionality in accounting preferences? A. Automatically Email Drop Ship P.O.s. B. S... [Show More] end Order Fulfilled Confirmation Emails. C. Send Email Confirmation when Sales Order Updated. D. Send Email Confirmation when Sales Order Canceled. E. Automatically Email Sales Rep on Sales Order Approval. A. Automatically Email Drop Ship P.O.s. B. Send Order Fulfilled Confirmation Emails. D. Send Email Confirmation when Sales Order Canceled. A company has decided to use the Class segment to track product lines on sales. They would like to force users to enter a value in this field and have configured the system to show the class field at the line level of transactions. Which two configurations are required to meet these requirements? A. Set a default value based on the Class of the current user. B. Enable the accounting preference Make Classes Mandatory. C. Disable the accounting preference Make Classes Mandatory. D. Create a dummy value called "No Class" to select on transactions where a product line is not applicable. B. Enable the accounting preference Make Classes Mandatory. D. Create a dummy value called "No Class" to select on transactions where a product line is not applicable. Which action is recommended for undesired accounts in preparing for go-live? A. Leave undesired accounts active to avoid disabling features. B. Leave undesired accounts active in case transactions post to them. C. Inactivate undesired accounts to remove them from searches and reports. D. Inactivate undesired accounts to prevent transactions from posting to them B. Leave undesired accounts active in case transactions post to them. What is a benefit of viewing Chart of Accounts with Show Inactives Marked? A. Accounts can be sorted by subsidiary. B. The Inline Editing option becomes available. C. Amounts posted to inactive default accounts are visible. D. Inactive and delete checkboxes can be used to disable features. C. Amounts posted to inactive default accounts are visible. Which three valid characteristics affect setting up and assigning NetSuite default segments (Department/Class/Location)? A. Locations are available for tracking inventory. B. Segments can be used to restrict data access. C. Segments can be defined in relation to each other. D. Only Classes can be configured for Commissions. E. Departments can be defined in a hierarchy for reporting purposes. A. Locations are available for tracking inventory. B. Segments can be used to restrict data access. E. Departments can be defined in a hierarchy for reporting purposes. Which segment combinations require SuiteScript? A. Limit Account to specific Classes B. Limit Class to specific Departments C. Limit Account to specific Subsidiaries D. Limit Department to specific Subsidiaries B. Limit Class to specific Departments Which two statements are true about the Multiple Calendars feature? A. Without this feature, Tax Periods are the same as Accounting Periods. B. Without this feature, the Tax Years are the same across all subsidiaries. C. With this feature, U.S. and Canadian subsidiaries can utilize Tax Period functionality. D. With this feature, different fiscal calendar definitions can be used on the same subsidiary for accounting and tax periods. B. Without this feature, the Tax Years are the same across all subsidiaries. D. With this feature, different fiscal calendar definitions can be used on the same subsidiary for accounting and tax periods. What is the impact of enabling the "Void Transactions Using Reversing Journals" setting? A. It displays a VOID button on the transaction and voids the Journal Entry. B. It displays a VOID button on the transaction and creates a Reversing Journal Entry. C. It displays a CANCEL button on the transaction and allows a manual Journal Entry to be associated. D. It displays a CANCEL button on the transaction and negates the GL impact, making the transaction nonposting. B. It displays a VOID button on the transaction and creates a Reversing Journal Entry. Which functionality is included when the Consolidated Payments feature is enabled? A. The credit limit set on individual subcustomers records is enforced. B. Consolidated Unbilled Orders are shown as a sublist on the customer record. C. The A/R Aging report shows the un-consolidated balance for each subcustomer. D. Only consolidated statements for the entire customer-subcustomer can be printed. C. The A/R Aging report shows the un-consolidated balance for each subcustomer. A company has customers with centralized purchasing departments that buy products for multiple locations at the same time. The customers want the products shipped to different locations from the same order. Which two features and/or functions in NetSuite need to be enabled? A. Advanced Shipping B. Shipping Label Integration C. Multiple Shipping Routes D. Enable Line Item Shipping C. Multiple Shipping Routes D. Enable Line Item Shipping A company's corporate policy requires re-approval for any changes made to approved sales orders prior to fulfillment. A sales order was entered, approved and then changed but did not go back through the approval process. Why did this sales order not go back through the approval process? A. The change was made by the originator of the sales order. B. The "Require Re-Approval on edit of Sales Order" preference is not set. C. The change did not affect the dollar amount of the order, therefore no re-approval is required. D. The change was made by a user with Administrator rights. B. The "Require Re-Approval on edit of Sales Order" preference is not set. A customer has multiple open sales orders on file. A customer deposit is applied to the wrong sales order. What is the process to unlink the deposit from the sales order to allow it to be applied to a different one? A. Delete the Deposit Application record. B. Change the sales order form to a cash sale. C. Once linked, deposits cannot be unlinked and need to be credited or deleted. D. On the Customer Deposit, the sales order field will be a drop down. Choose the appropriate sales order to link it to B. Change the sales order form to a cash sale. [Show Less]
Which feature requires a user to agree to the Mass Messaging Application Terms of Service? A. Mail Merge B. Capture Email Replies C. Subscription Catego... [Show More] ries D. Customer Relationship Manager A Where does an Administrator turn on Custom Records? A. Users/Roles B. Enable Features C. Setup Customization D. Company Preferences B Which structure will allow the tracking of consolidated financial reports by a legal entity? A. Classes B. Locations C. Subsidiaries D. Departments C How can the impact of inter-company purchases and sales be offset? A. Post journals to an elimination subsidiary. B. Ensure the subsidiaries have the same parent. C. Exclude one of the subsidiaries when reporting. D. Set the same base currency in both subsidiaries. A In a OneWorld account, which two steps are required to make items taxable? (choose 2) A. Assign a tax schedule on the item record. B. Set the taxable flag on the Item to "Yes". C. Create tax schedules for groups of Items. D. Add the Item to the appropriate tax schedule. A,C *Match the desired requirement to the most appropriate custom Field Type to use. Answer options may be used more than once or not at all.* A. ___ Record formatted text B. ___ Describe something as On or Off C. ___ Connect Customers to a custom record D. ___ Record only one of several related preferences E. ___ Ability to possibly record several related preferences. 1. Radio Button 2. Multiple Select 3. Text Area 4. Check Box 5. List/Record 6. Rich Text A- 6 B- 4 C- 5 D- 5 E- 2 Order (1,2,3) the sequence that should be followed to create a custom record. A. ___ Create custom fields B. ___ Create necessary subtabs C. ___ Define record attributes and behavior first 3, 2, 1 Match the desired Form Customization actions with the correct option. Answer options may be used more than once or not at all. A. ___ Enable inline editing B. ___ Force a user to fill in a field C. ___ Enter information on‐the‐fly instead of a regular screen D. ___ Fields are presented in the same order each time a record is accessed 1. Field Group 2. Use for pop‐ups 3. Mandatory 4. Store form with record 5. Enable field editing on lists A - 5 B - 3 C - 2 [Show Less]
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