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NETSUITE ERP CONSULTANT FINAL EXAM
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NETSUITE ERP CONSULTANT FINAL EXAM ...
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NETSUITE ERP CONSULTANT FINALEXAM 2024-2025
Which 3 requirements can be addressed using standard NS
functionality in Accounting Preferences? - ANSWER 1. Automatically
Email Drop Ship PO's, 2. Send Order Fulfilled Confirmation Emails, 3.
Send Email Confirmation when SO is cancelled.
A company has decided to use the Class segment to track product
lines on sales. They would like to force users to enter a value in this
field and have configured the system to show the class field at the
line level of transactions. What 2 configs are required? - ANSWER 1.
Enable the account pref: Make Classes Mandatory, 2. Create a
dummy value called "No Class"
Which action is recommended for undesired accounts in preparing
for go-live - ANSWER Leave undesired accounts active in case
transactions post to them
What is a benefit of viewing Chart of Accounts with Show Inactives
Marked - ANSWER Amounts posted to inactive default accounts are
visible
Which 3 valid characteristics affect seeting up and assigning NS
default segments (Dept/Class/Location) - ANSWER 1. Locations are
available for tracking inventory, 2. Segmenets can be used to restrict
data access, 3. Departemnets can be defined in a hierarchy for
reporting purposed
Which segment combinations require SuiteScript? - ANSWER Limit
Class to specific Departments (no Script required: Limit account to
specific Class or subsid, and limit dept to subsid)
Which two statements are true about the Multiple Calendars feature -
,ANSWER Without this feature, the Tax Years are the same across all
subsids, AND With this feature, different fiscal calendar defs can be
used on the same subsid for accounting & tax periods
What is the impact of enabling the "Void Transactions Using
Reversing Journals" setting - ANSWER It displays a VOID button on
the transaction and creates a Reversing JE
All multi-curr features are enabled in a One-World account. What
does the Base Currency column with a value of "Yes" mean -
ANSWER The currency is used on subsidiary records or the company
information
Which functionality is included when the Consolidated Payments
feature is enabled - ANSWER The A/R Aging report shows the
un-consolidated balance for each sub customer
A company has customers with centralized purchasing departments
that buy products for multiple locations at the same time. The
customers want the products shipped to different locations from the
same order. Which 2 features need to be enabled? - ANSWER
Multiple Shipping Routes & Enable Line Item Shipping
A company's corp policy requires re-approval for any changes made
to approved sales orders prior to fulfillment. A SO was entered,
approved, then changed but did not go back thru the approval
process. Why? - ANSWER The "Require re-approval"pref is not set
A customer has multiple open SO's on file. A customer deposit is
applied to the wrong sales order. What process to unlink? - ANSWER
Change the SO to a cash sale
What are 2 considerations for shipping integration - ANSWER
Tracking numbers assigned on the fulfillment flow back to the SO,
and Both FedEx and UPS support use of negotiated rates
Which statement is true about enabling the Multi-Location Inventory
feature? - ANSWER The Enable Multi-Lccation Inventory feature can
be enabled anytime after enabling the Inventory Feature
, An employee reports eight hours of consulting services for 3 days to
the same customer. Which 2 invoicing prefs will produce an invoice
within 24 hours of time at the billable rate? - ANSWER Group Time by
Employee, and Combine Time Items on Invoices
A company sells yearly service contracts for $1,000 that require 10%
initial fee. These are sometimes discounted. They bill at the end of
the month. What's the settings - ANSWER Initial Amount set to 10%,
In Arrears is Enabled, Recurrence count is 12
Revenue Commitment - ANSWER Allows recognition of revenue
before invoicing
VSOE - ANSWER Allows auto-allocation of revenue across elements
sold in a bundle
Revenue Recognition Schedule - ANSWER Shows list of Rev Rec JE
to be generated
Revenue Recognition Template - ANSWER Allows definition of % of
rev to be recognized up front
With credit card integratino enabled, what happens when a
standalone cas sale is saved - ANSWER Authorize and
charge/capture credit card
Which statement is true about the default impact of receiving a
customer return - ANSWER Returned item is added to available
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