NetSuite Enable General Features correctly answered 2023

NetSuite Enable General Features correctly answered 2023Departments Track and classify your transactions by category. This adds a link to Departments on your Lists page. Locations Track activity by location. This adds a link to Locations on your Lists page. Classes Sort transactions in any way you find helpful. This adds a link to Classes on your Lists page. Projects Track projects for customers. A project is a subrecord of a customer record that shows costs and revenues for a particular project. Project Management Track additional information about projects and keep them separate from customers. Planned Work Track projects by creating a fixed project plan. Project plans are not adjusted when work is tracked outside the original fixed plan. Job Costing and Project Budgeting Calculate costs for project labor and account for those costs in your general ledger, and create project specific cost and billing budgets. Advanced Project Profitability Create a customized project profitability report based on accounts and items instead of transactions. Related SuiteApps Project Task Manager Manage and edit project task assignments using a graphical interface that displays project resources and assigned tasks. For more information about installing the Project Task Manager SuiteApp, see Project Task Manager. Multiple Units of Measure Define various units used to stock, purchase, and sell inventory items, and track non-monetary accounts. The Statistical Accounts feature must be enabled. (Go to Setup > Company > Setup Tasks > Enable Features. On the Accounting subtab, Statistical Accounts is listed under Advanced Features.) Use Deletion Reason Make it mandatory for users to provide a reason for deleting transaction records. All transactions listed at Setup > Company > Setup Tasks > Auto-Generated Numbers on the Transaction Numbers subtab are affected by this feature. This feature can be disabled after use. Multi-Subsidiary Customer In NetSuite OneWorld, assign one primary subsidiary and multiple secondary subsidiaries to a customer or subcustomer record at Lists > Relationships > Customers > New. When you select a multi-subsidiary customer on a transaction, you can associate the transaction with any subsidiary assigned to the customer. Resource Allocations Allocate resources to projects, view and manage resource allocations, and monitor utilization rates. Multi-Language Check this box to do the following: Allow users to choose the language of the NetSuite user interface. See Choosing a Language for Your NetSuite User Interface. Allow customers to see item names, descriptions, and expense categories in the language selected on the customer's record on printed transaction forms. Allow translation of website elements to display in each visitor's language. These elements include website items, saved searches, tabs, categories, email forms, text, and images, and formatted website text. See Setting Up a Site for Multiple Languages. Note that only the system-supported languages available as user preferences are supported for printed transaction forms. Additional languages are supported for website translations. At Setup > Company > Preferences > General Preferences, you need to specify the languages for which you want to provide translation strings for items on printed transaction forms and/or your website. See Configuring Multiple Languages. After you have specified a language in General Preferences, you can translate item names and descriptions on item records or by going to Setup > Import/Export > Export Tasks > Bulk Update Translation. See Multi-Language Names and Descriptions. Multiple Currencies Use foreign currencies for sales and purchase transactions and account for the fluctuations in exchange rates. This feature enables the creation of sales transactions in multiple currencies for individual customers and to track open balances in each transaction currency. This feature also enables you to enter purchase transactions in multiple currencies for individual vendors, and keep track of open balances in each transaction currency. When you create a vendor record, you set a primary currency and additional currencies available for transactions with that vendor. See Currency Management. When the Foreign Currency Management feature of Multi-Book Accounting is enabled, this feature is also required and cannot be disabled. Important In a past release, the functionality associated with the Multiple Currencies, Multi-Currency Customers, and Multi-Currency Vendors features were combined in the Multiple Currencies feature. If you are new to NetSuite, already using all three features, or not using all three features, only the Multiple Currencies box will appear on the Company subtab of the Enable Features page. You can enable or disable this feature. When you enable this feature, you gain access to support for multiple currency customers and vendors. If you are already using Multiple Currencies and Multi-Currency Customers or Multi-Currency Vendors but not all three features, you will continue to see and maintain three boxes on the Company subtab. Regardless of the number of boxes visible in your account, the functionality associated with these three features remains the same. Note After qualifying revaluation transactions, the system generates the Realized Gain/Loss, Unrealized Gain/Loss, Unrealized Matching Gain/Loss, Rounding Gain/Loss accounts. Depending on the year in which your NetSuite account was established, you may also have the Exchange Rate Variance account. Currency Exchange Rate Integration Automatically update currency exchange rates by the specified provider one time each day. Agree to the Notice, as required. NetSuite stores the user ID and time and date stamp of account changes in system notes. Click the Forex Data link provider to go to its website. Note To choose an exchange rate provider, method for obtaining exchange rates, and anchor currencies, go toSetup > Accounting > Preferences > Accounting Preferences. On the General subtab, under Exchange Rate Integration, select a Rate Provider. For more information, see Exchange Rate Integration. nline Editing Edit records directly from their corresponding lists and from search results. Note When this feature is enabled, inline editing is available by default for all search results in dashboard portlets. However, each Custom Search portlet has an Allow Inline Editing setup option that you can use to enable or disable inline editing for specific portlets. See Displaying Saved Search Results in Dashboard Portlets. File Cabinet Enable the ability to upload or link to documents and images, and then associate them with records your customers, vendors, and employees can view. Antivirus Scanning on File Cabinet Files (Beta) Have NetSuite perform an antivirus scan on each file before it is added to the file cabinet. Files that are considered a security risk are blocked. Warning File Cabinet Antivirus is a beta feature. The contents of this feature are preliminary and may be changed or discontinued without prior notice. See BETA Antivirus Scanning on File Cabinet Files for more details. Duplicate Detection & Merge Have NetSuite to compare customer and contact records and notify you of possible duplicates. Related SuiteApps Box Document Management Click this link to install the Box.NET SuiteApp. This SuiteApp enables you to upload documents to your Box.NET account and associate those documents with your NetSuite account. To install the SuiteApp, you must first have a Box.NET account. Note This SuiteApp is maintained and supported directly by Box. Related SuiteApps SuiteSocial Click this link to install SuiteSocial. This SuiteApp is a NetSuite social collaboration tool that enables you to more tightly connect social interactions to your NetSuite data and track important changes to that data. With the interactive news feed, you can see updates posted by your colleagues, and be notified when relevant NetSuite records are created or edited. You can post your own messages or status, and access the records you are following. IP Address Rules Create access rules for employees based on the IP address of the computer used to log in. For more information about this feature, see Enabling and Creating IP Address Rules. Mobile Push Notification Enable users to receive push notifications on mobile devices.