3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Netsuite Foundations Exam comprehensive
questions fully solved & updated (Latest Update
2026) UPDATE!!
Save
Terms in this set (396)
Enable Features Path Setup > Company > Enable Features
Enable Features is not for telling or adjusting NetSuite to behave a certain
way.
Enable Features Tabs Company, Accounting, Tax, Transactions,
Items/Inventory, Employees, CRM, Analytics, Web
Presence, SuiteCloud
Departments to track transaction activity by department, division
or other category.
You can rename this categorization to your liking at
Setup > Company > Rename Records/Transactions.
Location to manage information and activity for distinct
locations within your company. For example,
companies with multiple offices or warehouses can
associate transactions and employees with a
location. Then you can view reports with data
sorted by location.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 1/119
,3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Classes Check this box to use classes to help you sort
transactions in any way you find helpful.
Clearing this check box will give you fewer fields to
fill out on transaction pages.
You can rename this categorization to your liking at
Setup > Company > Rename Records/Transactions.
Projects to 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 detailed information about projects and
manage them separately from customer records.
Project Management enables you to do the
following:
Identify a task for each step required to complete a
project.
Track resources contributing to project completion,
such as employees who are assigned to complete
tasks or vendors you subcontract work to.
Track expenditures such as billable time and items.
Track the percentage of progress toward project
completion as employees log time.
Bill customers when milestone tasks are
completed.
Track CRM information such as activities and
communication for each project.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 2/119
,3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Planned Work Track projects by creating a fixed project plan.
Project plans are not adjusted when work is
tracked outside the original fixed plan.
Planned Work enables project managers to
compare the actual versus planned work for each
project.
Job Costing and Project Budgeting to enable job costing and project budgeting.
Job costing enables you to associate costs with
project labor and account for those costs in your
general ledger.
Project budgeting enables you to set budgets at
the project and project task level for both costs
and billings. Budget information is available in
reports, letting you compare your budget and true
project financials.
Advanced Project Profitability Track project profitability based on accounts and
items. You can also create custom configurations to
tailor your project profitability report to your
business.
Multiple Units of measure to define various units used to stock, purchase, and
sell inventory items, and track non-monetary
accounts. This feature must be enabled to use the
Statistical Accounts feature, located on the
Accounting subtab, under Advanced Features.
Use Deletion Reason to make it mandatory for users to provide a reason
for deleting transaction records.
This feature can be disabled after use.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 3/119
, 3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
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 to enable resource allocations.
Resource allocations allows you to manage
resource utilization with allocations for defined
durations. A resource manager role is available with
access to resource allocations. Utilization rates are
reported in reports by both resources and
projects.
Additional SuiteApps are available to supplement
the Resource Allocations feature.
The Resource Allocation Chart allows you to
visually manage your resource allocations from
one chart. Resource Skill Sets allows you to define
skill sets and expertise on resource records and
then staff projects by searching for desired skills.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 4/119
Netsuite Foundations Exam comprehensive
questions fully solved & updated (Latest Update
2026) UPDATE!!
Save
Terms in this set (396)
Enable Features Path Setup > Company > Enable Features
Enable Features is not for telling or adjusting NetSuite to behave a certain
way.
Enable Features Tabs Company, Accounting, Tax, Transactions,
Items/Inventory, Employees, CRM, Analytics, Web
Presence, SuiteCloud
Departments to track transaction activity by department, division
or other category.
You can rename this categorization to your liking at
Setup > Company > Rename Records/Transactions.
Location to manage information and activity for distinct
locations within your company. For example,
companies with multiple offices or warehouses can
associate transactions and employees with a
location. Then you can view reports with data
sorted by location.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 1/119
,3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Classes Check this box to use classes to help you sort
transactions in any way you find helpful.
Clearing this check box will give you fewer fields to
fill out on transaction pages.
You can rename this categorization to your liking at
Setup > Company > Rename Records/Transactions.
Projects to 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 detailed information about projects and
manage them separately from customer records.
Project Management enables you to do the
following:
Identify a task for each step required to complete a
project.
Track resources contributing to project completion,
such as employees who are assigned to complete
tasks or vendors you subcontract work to.
Track expenditures such as billable time and items.
Track the percentage of progress toward project
completion as employees log time.
Bill customers when milestone tasks are
completed.
Track CRM information such as activities and
communication for each project.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 2/119
,3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Planned Work Track projects by creating a fixed project plan.
Project plans are not adjusted when work is
tracked outside the original fixed plan.
Planned Work enables project managers to
compare the actual versus planned work for each
project.
Job Costing and Project Budgeting to enable job costing and project budgeting.
Job costing enables you to associate costs with
project labor and account for those costs in your
general ledger.
Project budgeting enables you to set budgets at
the project and project task level for both costs
and billings. Budget information is available in
reports, letting you compare your budget and true
project financials.
Advanced Project Profitability Track project profitability based on accounts and
items. You can also create custom configurations to
tailor your project profitability report to your
business.
Multiple Units of measure to define various units used to stock, purchase, and
sell inventory items, and track non-monetary
accounts. This feature must be enabled to use the
Statistical Accounts feature, located on the
Accounting subtab, under Advanced Features.
Use Deletion Reason to make it mandatory for users to provide a reason
for deleting transaction records.
This feature can be disabled after use.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 3/119
, 3/19/26, 9:53 AM Netsuite Foundations Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
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 to enable resource allocations.
Resource allocations allows you to manage
resource utilization with allocations for defined
durations. A resource manager role is available with
access to resource allocations. Utilization rates are
reported in reports by both resources and
projects.
Additional SuiteApps are available to supplement
the Resource Allocations feature.
The Resource Allocation Chart allows you to
visually manage your resource allocations from
one chart. Resource Skill Sets allows you to define
skill sets and expertise on resource records and
then staff projects by searching for desired skills.
https://quizlet.com/1157859509/netsuite-foundations-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-cards/?n… 4/119
