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netsuite FINANCIAL_USER

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Exam contains 28 questions

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Question 7 🔥

Which statement is true about assigning a Billing Schedule to an Item record?

Which database solution meets these requirements?

A. It forces all the lines on a Sales Orders to have a Billing Schedule.

Highly voted

B. It ensures the Item will always have the Billing Schedule default in correctly on the Sales Order.

Highly voted

C. It requires that all Items on the same Sales Order have a Billing Schedule of some kind.

Highly voted

D. It requires that all Items on the same Sales Order use the same Billing Schedule.

Highly voted

Discussion of the question

Question 8 🔥

HOTSPOT -Match each step in the standard Accounts Payable workflow in NetSuite with its step number.

Question 9 🔥

Which two statements are true about vendors and multi-currency? (Choose two.)

Which database solution meets these requirements?

A. The currency on the purchase order can be changed at the point when the purchase order is billed.

Highly voted

B. Currencies must be added to the Vendor before being used on a transaction.

Highly voted

C. The primary currency is used for the credit limit.

Highly voted

D. To remove a currency from a vendor you must first close any open transactions in that currency.

Highly voted

E. Vendors can have up to five currencies.

Highly voted

Discussion of the question

Question 10 🔥

What is a characteristic of Purchase Orders in NetSuite?

Which database solution meets these requirements?

A. Purchase Orders must be in the primary currency of the Vendor.

Highly voted

B. Purchase Orders have no accounting impact.

Highly voted

C. Purchase Requisition is required before creating a Purchase Order.

Highly voted

D. Purchase Orders must be in the currency of the Vendor's primary subsidiary.

Highly voted

Discussion of the question

Question 11 🔥

Which is true when considering the difference between Write Check transaction and a Pay Vendor Bill transaction?

Which database solution meets these requirements?

A. Only Pay Vendor Bill posts to the general ledger

Highly voted

B. Only Write Check reduces Accounts Payable

Highly voted

C. Only Pay Vendor Bill reduces Accounts Payable

Highly voted

D. Only Write Check is from a bank account

Highly voted

Discussion of the question

Question 12 🔥

Which three statements are true about using Parent Accounts in NetSuite? (Choose three.)

Which database solution meets these requirements?

A. Checking the Summary box on the account record prevents anyone from posting activity to the account.

Highly voted

B. Parent accounts can be posting or non-posting.

Highly voted

C. Checking the Summary box allows the posting of reversing journal entries to this account.

Highly voted

D. Parent accounts are created by setting the "Parent of" field.

Highly voted

E. Child accounts are created by setting the ''Subaccount of'' field.

Highly voted

Discussion of the question

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netsuite FINANCIAL_USER

Exam contains 28 questions

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