NetSuite Financial User Certification Exam Questions with Correct Answers

Offsetting intercompany transactions Correct Answer What is the purpose of an elimination subsidiary? Classes Correct Answer Types of sales or product lines Locations Correct Answer Warehouses Subsidiaries Correct Answer Company Departments Correct Answer Internal Teams Customize the role to restrict access by segment, Designate Department, Class, Location on the account, Tag the Employee record to Department, Class, Location Correct Answer Which three steps are required to prevent someone from accessing some accounts but not others? New accounts are automatically added to the chart of accounts when needed. Correct Answer How does enabling Accounting features affect the chart of accounts? Statistical Correct Answer Which account type is non-posting? Approve Sales Order > Fulfill Sales Order > Bill Sales Order Correct Answer What is the order of steps for the NetSuite standard accounts receivable process? Customers may pay the bills of Subcustomers Correct Answer What does the setting "Accept Payment at Top Level Customer" allow for? Customers may use an unlimited number of currencies. Correct Answer What is true about multi-currency Customers? Invoices can be created without reference to a Sales Order AND The Electronic Invoicing SuiteApp allows sending of individual invoices or batches. Correct Answer Which two statements are true about Invoices in NetSuite?