NetSuite Financial User Certification
Questions And Answers
3 types of financial statements Balance Sheet, Income Statement, Statement of Cash
Flows
Account Type How does NS group/categorize accounts?
Inactive, non-posting 2 characteristics of summary accounts
1 How many subsidiaries can a bank account be linked to?
Yes Can you create an invoice without a SO?
Sales Order 1st step in A/R process
Fulfillment When do SOs have a GL impact?
, NetSuite Financial User Certification
Questions And Answers
Electronic Invoicing Suite App create e-invoices to comply/automate order to cash
process
Deposit Customer pre-payment
Advanced Payment What must be enabled to accept customer deposits?
Invoice Record of a sale to a customer
Yes Can you set payment terms on a Vendor record?
Bill This can be created without a PO
Item Receipt When does a PO have a GL Impact?
Auto-apply Credit is applied to oldest vendor bill
Questions And Answers
3 types of financial statements Balance Sheet, Income Statement, Statement of Cash
Flows
Account Type How does NS group/categorize accounts?
Inactive, non-posting 2 characteristics of summary accounts
1 How many subsidiaries can a bank account be linked to?
Yes Can you create an invoice without a SO?
Sales Order 1st step in A/R process
Fulfillment When do SOs have a GL impact?
, NetSuite Financial User Certification
Questions And Answers
Electronic Invoicing Suite App create e-invoices to comply/automate order to cash
process
Deposit Customer pre-payment
Advanced Payment What must be enabled to accept customer deposits?
Invoice Record of a sale to a customer
Yes Can you set payment terms on a Vendor record?
Bill This can be created without a PO
Item Receipt When does a PO have a GL Impact?
Auto-apply Credit is applied to oldest vendor bill
