Netsuite Financial User Practice Exam
Questions And Answers
3) Which three steps are required to prevent someone from accessing some accounts but not
others? Customize the role to restrict access by segment
Designate Department | Class | Location on the account
Tag the Employee record to Department | Class | Location
4) How does enabling Accounting features affect the chart of accounts? New accounts are
automatically added to the chart of accounts when needed.
5) Which account type is non-posting? Statistical
6) What is the order of steps for the NetSuite standard accounts receivable process?
Approve Sales Order > Fulfill Sales Order > Bill Sales Order
7) What does the setting "Accept Payment at Top Level Customer" allow for? Customers
may pay the bills of Subcustomers
, Netsuite Financial User Practice Exam
Questions And Answers
8) What is true about multi-currency Customers? Customers may use an unlimited number
of currencies.
9) Which two statements are true about Invoices in NetSuite? (Choose two.) Invoices can
be created without reference to a Sales Order.The Electronic Invoicing SuiteApp allows sending
of individual invoices or batches.
10) Which two transactions containing inventory items will post to COGS? (Choose two.)
Item Fulfillment
Standalone invoices
11) Which statement is true about Accept Customer Payment? A single customer payment
can be applied to multiple invoices.
12) Which statement is true about Customer Deposits? Customer Deposits are recorded as
a liability.
13) Which transaction requires a credit memo before a refund? Invoice
Questions And Answers
3) Which three steps are required to prevent someone from accessing some accounts but not
others? Customize the role to restrict access by segment
Designate Department | Class | Location on the account
Tag the Employee record to Department | Class | Location
4) How does enabling Accounting features affect the chart of accounts? New accounts are
automatically added to the chart of accounts when needed.
5) Which account type is non-posting? Statistical
6) What is the order of steps for the NetSuite standard accounts receivable process?
Approve Sales Order > Fulfill Sales Order > Bill Sales Order
7) What does the setting "Accept Payment at Top Level Customer" allow for? Customers
may pay the bills of Subcustomers
, Netsuite Financial User Practice Exam
Questions And Answers
8) What is true about multi-currency Customers? Customers may use an unlimited number
of currencies.
9) Which two statements are true about Invoices in NetSuite? (Choose two.) Invoices can
be created without reference to a Sales Order.The Electronic Invoicing SuiteApp allows sending
of individual invoices or batches.
10) Which two transactions containing inventory items will post to COGS? (Choose two.)
Item Fulfillment
Standalone invoices
11) Which statement is true about Accept Customer Payment? A single customer payment
can be applied to multiple invoices.
12) Which statement is true about Customer Deposits? Customer Deposits are recorded as
a liability.
13) Which transaction requires a credit memo before a refund? Invoice
