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NetSuite SuiteFoundation Exam Flash Cards Part 1 Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

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3 Types of Customer Payments: : EFT (electronic funds transfer), Paypal on web store, Credit Card processing ACH (what is it, and it is the only way to do what?) : Automated Clearing House (process transactions through ACH network for EFT) The only way to pay vendors in NS. EFT : Electronic Funds Transfer (transfer directly from bank account) Nexus : how to collect and pay taxes in different areas of the world (defines jurisdiction in which collect and pay taxes) Tax Control Accounts 2 | P a g e : define tax types and do GL posting of indirect taxes (indirect taxes = Sales tax and VAT) Tax Types : defines tax codes on balance sheet

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