NetSuite ERP Consultant Exam Questions with 100% Correct Answers

Which 3 requirements can be addressed using standard NS functionality in Accounting Preferences? Correct Answer 1. Automatically Email Drop Ship PO's, 2. Send Order Fulfilled 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? Correct Answer 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 Correct Answer Leave undesired accounts active in case transactions post to them What is a benefit of viewing Chart of Accounts with Show Inactives Marked Correct Answer Amounts posted to inactive default accounts are visible Which 3 valid characteristics affect seeting up and assigning NS default segments (Dept/Class/Location) Correct Answer 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? Correct Answer 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 Correct Answer 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 Correct Answer 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 Correct Answer The currency is used on subsidiary records or the company information Which functionality is included when the Consolidated Payments feature is enabled Correct Answer The A/R Aging report shows the un-consolidated balance for each sub customer