NS SuiteFoundation Exam Prep Questions and Answers (2023 – 2024)

NS SuiteFoundation Exam Prep Questions and Answers (2023 – 2024) NS Account Number Access - Support > Suiteanswers > Contact support by phone Non Canada/US editions can have only one tax period for all subsidiaries unless... - multiple calendar is enabled What sales order transaction creates a cash sale and when does it create it - Standard sales order creates cash sale upon billing How can returned items be counted as part of inventory - if receive return > restock is checked How are classes used with reporting? - they are categories that help you track records such as financials What cant you change once a subsidiary is made? - Base Currency Advance Taxes feature allows you to - manage/calculate taxes for different nexuses within the same NS account and use tax schedules to define tax treatment of items in each ne xus to meet local business requirements Why would you use a custom record? - To collect info specific to the needs of your business and can attach info from custom records to your entities, items or transactions using custom fields Who can use the classi c center and where is it selected/enabled? - admin and selected when making a new role Elements in processing through sales cycle - sales rep qualifies reps to determine commitment to buy, qualified lead becomes a prospect, once a prospect purchases they are a customer (assign probabilities) Setup > Support case mgmt process - case type, case origin type, case statuses, case priorities, case issues When does GL impact begin on sales order process? - Once it's shipped and billed Advanced shipping - using separate transactions to fulfill and bill sales orders (first you fulfill sales order then you create a bill) Adjust Inventory - is inclusive of previous stock levels, change quantity and value of inventory adjust inventory work sheet - is exclusive of previous stock levels (resets on date of worksheet), can use to create open balances. if using lifo or fifo, costing is reset to average Multi -location inventory - global setting, item records can be shared across subsidiaries Wha t happens with costing when multi location inventory is enabled? - cost is tracked per item per location (doesnt share location, on hand stock and costing) Bin Management - bins are sub locations within locations, can be shared by items but are not unique to each item and can be owned by only one subsidiary, item's costing tracked at location level not bin level Can the same location be owned by multiple subsidiaries? - No Advanced Inventory Management - anticipate demand for items and adjust suggested i tem quantities to order