NETSUITE FINANCIAL USER CERTIFICATION|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS

Subsidiary separate legal entity 125 max number of subs (new) elimination subsidiary where you balance out consolidation Yes Can different subsidiaries have different fiscal calendars? No Can subsidiaries be deleted after they have been created Department Usually assigned to teams 50 max # of locations allowed 3 types of financial statements Balance Sheet, Income Statement, Statement of Cash Flows Account Type How does NS group/categorize accounts? Inactive, non-posting 2 characteristics of summary accounts 1 How many subsidiaries can a bank account be linked to? Yes Can you create an invoice without a SO? Sales Order 1st step in A/R process Fulfillment When do SOs have a GL impact? Electronic Invoicing Suite App create e-invoices to comply/automate order to cash process Deposit Customer pre-payment Advanced Payment What must be enabled to accept customer deposits? Invoice Record of a sale to a customer Yes Can you set payment terms on a Vendor record? Bill This can be created without a PO Item Receipt When does a PO have a GL Impact? Auto-apply Credit is applied to oldest vendor bill Voided When a check is _____, the amount is set to 0 Yes Can subsidiaries use different calendars? Yes Can you lock calendars at different times? Periods (financial reporting) ____ are shared between subsidiaries Reopen How do you post to a closed period? GL, AR, AP What does Lock All lock? (3) Close Last task in the close period checklist Justification needs to be provided to reopen a period Automatic, Manual 2 ways a period can be closed Quarter Closing all periods closes the Year Closing the last period closes the 75 # of standard KPIs Overlap You can have unlimited budgets, but they can't ____ Multiple budgets Must be enabled to have more than one budget Local, Global Two types of budgets Expense allocation Automatic process of dividing overhead Balance In NS, JE must always ____ Original Reverse JEs are linked to ____ Bill Sales Order, Sales Order 2 ways to bill sales order: from the _____ page, and the ____ Charge Based Billing schedule that includes billing rates