NETSUITE ERP CONSULTANT CORE EXAM TEST QUESTIONS
AND SOLUTIONS RATED A+
✔✔What should be done when editing or deleting a taxable transaction for a closed tax
period? - ✔✔1. Open both the tax and accounting periods
2. Edit or delete the transaction
3. Reclose the periods
4. Submit an additional tax report to the tax authority to report the change
✔✔Are tax periods tracked for deposits? - ✔✔No
✔✔Where are tax period changes saved? - ✔✔System information
✔✔How does NS determine transaction tax periods? - ✔✔From transaction's date and
open tax periods.
✔✔Can tax periods be entered manually on a transaction record for standard NS? -
✔✔No. The form can be customized to show the tax period column.
✔✔Is the Multiple Calendars feature enabled by default? - ✔✔No
✔✔Is Multiple Calendars feature available for non-OneWorld accounts? - ✔✔No
✔✔Under what circumstances can the Multiple Calendars feature be disabled? -
✔✔New Fiscal Calendars have not been assigned to Subsidiaries
✔✔Can an entity record be saved as another type of entity record? - ✔✔Yes. When one
entity record is updated, the others are as well
✔✔Consolidated Customer Payments feature - ✔✔Accept payments from either top-
level customer or the individual sub-customer.
✔✔Consolidated Customer Payments feature invoice visibility: - ✔✔Invoices will appear
for all in the hierarchy when viewing the top-level customer
✔✔Consolidated Customer Payments balance fields: - ✔✔consolidate balance,
overdue, days, consolidated deposit balance, consolidate unbilled orders, consolidated
aging fields
✔✔What are additional features of the Consolidated Customer Payments feature? -
✔✔Customer statements, credit limits and holds, reports and KPIs
✔✔Can you accept payments for a sub customer in a different subsidiary? - ✔✔No.
, Alternate solution: creates journal entries to record payment in different subsidiaries.
Once created, the JE for the customer child is offset against the open invoice via the
Accept Customer Payment page.
✔✔How many subsidiaries do vendors get with Multi-Subsidiary Vendors enabled? -
✔✔One primary subsidiary, unlimited number of secondary subsidiaries
✔✔With Multi-Subsidiary vendors, what can you set differently? - ✔✔Credit limits, items
and prices, tax agencies
✔✔Can you set different logos and addresses for Multi-Subsidiary vendors for
printed/emailed transactions? - ✔✔Yes, with advanced PDF/HTML templates
✔✔What is the difference between drop-ship and special orders? - ✔✔Special orders
are received into inventory and show your company's shipping address.
Drop-ship items show the customer's shipping address.
✔✔What happens if a drop ship item is received by clicking Receive? - ✔✔It creates an
inventory asset accounting transaction
✔✔What happens when the Multiple Shipping Routes feature is enabled? - ✔✔You can
ship to several address with different shipping methods on the same transaction
✔✔Which NetSuite editions is the Multiple Shipping Routes feature available on? -
✔✔US and International
✔✔What fields for the combination for shipping routes for Multiple Shipping Routes
feature? - ✔✔Shipping address, shipping carrier, shipping method, origin address
✔✔What must be enable before enabling the Multiple Shipping Routes feature? -
✔✔Advanced Shipping, shipping label integration, per-line taxes, enable item line
shipping
✔✔What must be done before disabling the Multiple Shipping Routes feature? -
✔✔Fulfill all outstanding orders with multiple shipping routes
✔✔Are RMAs (return authorizations) supported by Multiple Shipping Routes? - ✔✔No.
Instead you create an authorization form for individual sales orders.
✔✔Do credit limits include sub-customers? - ✔✔No
✔✔Customer credit hold settings: - ✔✔auto, on, off
AND SOLUTIONS RATED A+
✔✔What should be done when editing or deleting a taxable transaction for a closed tax
period? - ✔✔1. Open both the tax and accounting periods
2. Edit or delete the transaction
3. Reclose the periods
4. Submit an additional tax report to the tax authority to report the change
✔✔Are tax periods tracked for deposits? - ✔✔No
✔✔Where are tax period changes saved? - ✔✔System information
✔✔How does NS determine transaction tax periods? - ✔✔From transaction's date and
open tax periods.
✔✔Can tax periods be entered manually on a transaction record for standard NS? -
✔✔No. The form can be customized to show the tax period column.
✔✔Is the Multiple Calendars feature enabled by default? - ✔✔No
✔✔Is Multiple Calendars feature available for non-OneWorld accounts? - ✔✔No
✔✔Under what circumstances can the Multiple Calendars feature be disabled? -
✔✔New Fiscal Calendars have not been assigned to Subsidiaries
✔✔Can an entity record be saved as another type of entity record? - ✔✔Yes. When one
entity record is updated, the others are as well
✔✔Consolidated Customer Payments feature - ✔✔Accept payments from either top-
level customer or the individual sub-customer.
✔✔Consolidated Customer Payments feature invoice visibility: - ✔✔Invoices will appear
for all in the hierarchy when viewing the top-level customer
✔✔Consolidated Customer Payments balance fields: - ✔✔consolidate balance,
overdue, days, consolidated deposit balance, consolidate unbilled orders, consolidated
aging fields
✔✔What are additional features of the Consolidated Customer Payments feature? -
✔✔Customer statements, credit limits and holds, reports and KPIs
✔✔Can you accept payments for a sub customer in a different subsidiary? - ✔✔No.
, Alternate solution: creates journal entries to record payment in different subsidiaries.
Once created, the JE for the customer child is offset against the open invoice via the
Accept Customer Payment page.
✔✔How many subsidiaries do vendors get with Multi-Subsidiary Vendors enabled? -
✔✔One primary subsidiary, unlimited number of secondary subsidiaries
✔✔With Multi-Subsidiary vendors, what can you set differently? - ✔✔Credit limits, items
and prices, tax agencies
✔✔Can you set different logos and addresses for Multi-Subsidiary vendors for
printed/emailed transactions? - ✔✔Yes, with advanced PDF/HTML templates
✔✔What is the difference between drop-ship and special orders? - ✔✔Special orders
are received into inventory and show your company's shipping address.
Drop-ship items show the customer's shipping address.
✔✔What happens if a drop ship item is received by clicking Receive? - ✔✔It creates an
inventory asset accounting transaction
✔✔What happens when the Multiple Shipping Routes feature is enabled? - ✔✔You can
ship to several address with different shipping methods on the same transaction
✔✔Which NetSuite editions is the Multiple Shipping Routes feature available on? -
✔✔US and International
✔✔What fields for the combination for shipping routes for Multiple Shipping Routes
feature? - ✔✔Shipping address, shipping carrier, shipping method, origin address
✔✔What must be enable before enabling the Multiple Shipping Routes feature? -
✔✔Advanced Shipping, shipping label integration, per-line taxes, enable item line
shipping
✔✔What must be done before disabling the Multiple Shipping Routes feature? -
✔✔Fulfill all outstanding orders with multiple shipping routes
✔✔Are RMAs (return authorizations) supported by Multiple Shipping Routes? - ✔✔No.
Instead you create an authorization form for individual sales orders.
✔✔Do credit limits include sub-customers? - ✔✔No
✔✔Customer credit hold settings: - ✔✔auto, on, off
