NetSuite Suite Foundations Exam Prep with Verified Solutions

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NetSuite Suite Foundations Exam Prep with Verified Solutions SuiteBuilder is a point and click tool for customization ✔✔True Use a _________ ________ to control how information is entered and v... iewed ✔✔Custom Forms A custom record may be a better option than adding too many custom fields to an existing record ✔✔True? Preparation for the Data Import is crucial to a successful import ✔✔True? How can I create a CSV template to use for an import template? ✔✔Export a List view All records may be imported via the import assistant ✔✔False What sort of criteria can you set by going to Setup > Company > Duplicate Detection? ✔✔Fields to match on, uses a saved search functionality. Which include email, name, etc. Not all fields are allowed. Custom fields are allowed on Customer, also address, first name, last name, phone Whether a company or an individual, NetSuite should look at the email address in the exact same way ✔✔False. Duplicate detection uses the domain name for company evaluation and uses the full email address for contact, individuals. How would you simultaneously edit/change multiple records at once? ✔✔Mass Update Which features allow editing records directly from a list? ✔✔Inline Editing Account Numbers are Mandatory in the Chart of Accounts ✔✔False Turn on this feature at Setup>>Accounting>>Accounting Preferences>>General You cannot setup past and future accounting periods ✔✔False You cannot do Cash Basis reporting ✔✔False. Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report edit and go to More Options Subsidiary ✔✔Create for each legal entity Opening Balance ✔✔Balance for each general ledger account Classifications ✔✔Facilitates financial segmenting using departments, classes, and locations Accounting Periods ✔✔Ability to have transactions posted to a period, rather than just a date Tax agencies are whom we pay collected taxes ✔✔True (as vendors) Tax control accounts can be set up manually ✔✔True, but only through the Tax Control Account Setup A tax nexus defines the tax jurisdiction, where business is transacted ✔✔True A subsidiary can only have one tax nexus ✔✔False. Nexus Sublist is available to add multiple Tax schedules are a functionality of Advanced Taxes and determine the tax treatment of items purchased and sold ✔✔True Inventory items can also include serialized and lot numbered inventory if those features have been enabled ✔✔True Non-inventory items are only available for purchase ✔✔False For Purchase, For Resale, For Sale Service items cannot be fulfilled ✔✔False Name the three NetSuite classifications available for reporting and the GL ✔✔Location, Class, Departme [Show More]

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