NetSuite SuiteFoundations Exam Prep
SuiteBuilder is a point and click tool for customization - (correct Answer) - True
Use a _________ ________ to control how information is entered and viewed - (correct Answer) -
Custom Forms
A custom record may be a better option than adding too many custom fields to an existing record -
(correct Answer) - True?
Preparation for the Data Import is crucial to a successful import - (correct Answer) - True?
How can I create a CSV template to use for an import template? - (correct Answer) - Export a List view
All records may be imported via the import assistant - (correct Answer) - False
What sort of criteria can you set by going to Setup > Company > Duplicate Detection? - (correct Answer)
- 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 -
(correct Answer) - 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? - (correct Answer) - Mass Update
Which features allow editing records directly from a list? - (correct Answer) - Inline Editing
Account Numbers are Mandatory in the Chart of Accounts - (correct Answer) - False Turn on this feature
at Setup>>Accounting>>Accounting Preferences>>General
You cannot setup past and future accounting periods - (correct Answer) - False
You cannot do Cash Basis reporting - (correct Answer) - False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit and go to More
Options
Subsidiary - (correct Answer) - Create for each legal entity
Opening Balance - (correct Answer) - Balance for each general ledger account
Classifications - (correct Answer) - Facilitates financial segmenting using departments, classes, and
locations
Accounting Periods - (correct Answer) - Ability to have transactions posted to a period, rather than just a
date
Tax agencies are whom we pay collected taxes - (correct Answer) - True (as vendors)
, Tax control accounts can be set up manually - (correct Answer) - True, but only through the Tax Control
Account Setup
A tax nexus defines the tax jurisdiction, where business is transacted - (correct Answer) - True
A subsidiary can only have one tax nexus - (correct Answer) - 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 - (correct Answer) - True
Inventory items can also include serialized and lot numbered inventory if those features have been
enabled - (correct Answer) - True
Non-inventory items are only available for purchase - (correct Answer) - False
For Purchase, For Resale, For Sale
Service items cannot be fulfilled - (correct Answer) - False
Name the three NetSuite classifications available for reporting and the GL - (correct Answer) - Location,
Class, Department
True or False: Combine the use of classifications with the general ledger account to simplify your chart of
accounts - (correct Answer) - True
Account numbers are mandatory in NetSuite's Chart of Accounts - (correct Answer) - False
Which feature allows transacting business with vendors and customers in different currencies - (correct
Answer) - Multiple Currencies
What is base currency? - (correct Answer) - Base currency is the currency used for your company's,
subsidiaries', books
The NetSuite _________________ supports localized handling of taxes - (correct Answer) - NetSuite
Edition
True or False: Assemblies, Kits and Item Groups all act the same way in NetSuite - (correct Answer) -
False
If I want to sell an item at different prices, I use _________ __________ - (correct Answer) - Price Levels
What type of pricing considers the number of items bought? _____________ __________________ -
(correct Answer) - Quantity Pricing
Can you name some of the different types of sales orders? ______________ ______________
______________ - (correct Answer) - Standard Sales Order - Cash Sale
Standard Sales Order - Invoice
Standard Sales Order
SuiteBuilder is a point and click tool for customization - (correct Answer) - True
Use a _________ ________ to control how information is entered and viewed - (correct Answer) -
Custom Forms
A custom record may be a better option than adding too many custom fields to an existing record -
(correct Answer) - True?
Preparation for the Data Import is crucial to a successful import - (correct Answer) - True?
How can I create a CSV template to use for an import template? - (correct Answer) - Export a List view
All records may be imported via the import assistant - (correct Answer) - False
What sort of criteria can you set by going to Setup > Company > Duplicate Detection? - (correct Answer)
- 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 -
(correct Answer) - 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? - (correct Answer) - Mass Update
Which features allow editing records directly from a list? - (correct Answer) - Inline Editing
Account Numbers are Mandatory in the Chart of Accounts - (correct Answer) - False Turn on this feature
at Setup>>Accounting>>Accounting Preferences>>General
You cannot setup past and future accounting periods - (correct Answer) - False
You cannot do Cash Basis reporting - (correct Answer) - False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit and go to More
Options
Subsidiary - (correct Answer) - Create for each legal entity
Opening Balance - (correct Answer) - Balance for each general ledger account
Classifications - (correct Answer) - Facilitates financial segmenting using departments, classes, and
locations
Accounting Periods - (correct Answer) - Ability to have transactions posted to a period, rather than just a
date
Tax agencies are whom we pay collected taxes - (correct Answer) - True (as vendors)
, Tax control accounts can be set up manually - (correct Answer) - True, but only through the Tax Control
Account Setup
A tax nexus defines the tax jurisdiction, where business is transacted - (correct Answer) - True
A subsidiary can only have one tax nexus - (correct Answer) - 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 - (correct Answer) - True
Inventory items can also include serialized and lot numbered inventory if those features have been
enabled - (correct Answer) - True
Non-inventory items are only available for purchase - (correct Answer) - False
For Purchase, For Resale, For Sale
Service items cannot be fulfilled - (correct Answer) - False
Name the three NetSuite classifications available for reporting and the GL - (correct Answer) - Location,
Class, Department
True or False: Combine the use of classifications with the general ledger account to simplify your chart of
accounts - (correct Answer) - True
Account numbers are mandatory in NetSuite's Chart of Accounts - (correct Answer) - False
Which feature allows transacting business with vendors and customers in different currencies - (correct
Answer) - Multiple Currencies
What is base currency? - (correct Answer) - Base currency is the currency used for your company's,
subsidiaries', books
The NetSuite _________________ supports localized handling of taxes - (correct Answer) - NetSuite
Edition
True or False: Assemblies, Kits and Item Groups all act the same way in NetSuite - (correct Answer) -
False
If I want to sell an item at different prices, I use _________ __________ - (correct Answer) - Price Levels
What type of pricing considers the number of items bought? _____________ __________________ -
(correct Answer) - Quantity Pricing
Can you name some of the different types of sales orders? ______________ ______________
______________ - (correct Answer) - Standard Sales Order - Cash Sale
Standard Sales Order - Invoice
Standard Sales Order
