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NetSuite ERP questions with complete solution 2023Invoice GL Impact vs. Standalone Invoice Debit AR/ Credit Sales Income. Standalone: Debit AR/ Credit COGS When are statement charges used? Use instead of invoice when you want to see several charge accumulate before billing a customer. Debit AR/ Credit Sales Income Non posting NS Transactions Estimate Liability Adjustment Opportunity Payroll Adjustment Purchase Order Return Authorization Revenue Arrangement ...

Minimum saved search summary type: - correct answer Displays the minimum amount, or the earliest date value. Maximum saved search summary type: - correct answer Displays the maximum amount, or the most recent date value. Which Saved Search summary type is required for any other summary type to work? - correct answer Group T / F: Recipient lists are shared for both types of saved search emails (alerts and scheduled) - correct answer True What are the two types of saved search emails? ...

Invoice GL Impact vs. Standalone Invoice - Correct answer-Debit AR/ Credit Sales Income. Standalone: Debit AR/ Credit COGS When are statement charges used? - Correct answer-Use instead of invoice when you want to see several charge accumulate before billing a customer. Debit AR/ Credit Sales Income Non posting NS Transactions - Correct answer-Estimate Liability Adjustment Opportunity Payroll Adjustment Purchase Order Return Authorization Revenue Arrangement Sales Order Transfer Ord...

NetSuite ERP Questions with 100% Correct Answers 2023 Invoice GL Impact vs. Standalone Invoice - Correct answer-Debit AR/ Credit Sales Income. Standalone: Debit AR/ Credit COGS When are statement charges used? - Correct answer-Use instead of invoice when you want to see several charge accumulate before billing a customer. Debit AR/ Credit Sales Income Non posting NS Transactions - Correct answer-Estimate Liability Adjustment Opportunity Payroll Adjustment Purchase Order Return Autho...

What are the default recognition rules when creating revenue recognition rules? - ANS Default Standard rule: defines revenue recognition plans that begin and end on the same date Default One-Time Direct Posting rule: All elements in a revenue arrangement use this rule when the source transaction includes a posting discount Default Percent Complete: This rule is for projects that are attached to a sales transaction. It appears only when the Projects feature is also enabled. Group Pricin...