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]
