NETSUITE ERP CONSULTANT EVALUATION EXAM
QUESTIONS AND SOLUTIONS RATED A+
✔✔Which two statements are true about the Multiple Calendars feature?
A. Without this feature, Tax Periods are the same as Accounting Periods.
B. Without this feature, the Tax Years are the same across all subsidiaries.
C. With this feature, U.S. and Canadian subsidiaries can utilize Tax Period functionality.
D. With this feature, different fiscal calendar definitions can be used on the same
subsidiary for accounting
and tax periods. - ✔✔B. Without this feature, the Tax Years are the same across all
subsidiaries.
D. With this feature, different fiscal calendar definitions can be used on the same
subsidiary for accounting
and tax periods.
✔✔What is the impact of enabling the "Void Transactions Using Reversing Journals"
setting?
A. It displays a VOID button on the transaction and voids the Journal Entry.
B. It displays a VOID button on the transaction and creates a Reversing Journal Entry.
C. It displays a CANCEL button on the transaction and allows a manual Journal Entry to
be associated.
D. It displays a CANCEL button on the transaction and negates the GL impact, making
the transaction nonposting. - ✔✔B. It displays a VOID button on the transaction and
creates a Reversing Journal Entry.
✔✔Which functionality is included when the Consolidated Payments feature is enabled?
A. The credit limit set on individual subcustomers records is enforced.
B. Consolidated Unbilled Orders are shown as a sublist on the customer record.
C. The A/R Aging report shows the un-consolidated balance for each subcustomer.
D. Only consolidated statements for the entire customer-subcustomer can be printed. -
✔✔C. The A/R Aging report shows the un-consolidated balance for each subcustomer.
✔✔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 two features and/or functions in NetSuite need to be enabled?
A. Advanced Shipping
B. Shipping Label Integration
C. Multiple Shipping Routes
D. Enable Line Item Shipping - ✔✔C. Multiple Shipping Routes
,D. Enable Line Item Shipping
✔✔A company's corporate policy requires re-approval for any changes made to
approved sales orders prior to fulfillment. A sales order was entered, approved and then
changed but did not go back through the approval process.
Why did this sales order not go back through the approval process?
A. The change was made by the originator of the sales order.
B. The "Require Re-Approval on edit of Sales Order" preference is not set.
C. The change did not affect the dollar amount of the order, therefore no re-approval is
required.
D. The change was made by a user with Administrator rights. - ✔✔B. The "Require Re-
Approval on edit of Sales Order" preference is not set.
✔✔A customer has multiple open sales orders on file. A customer deposit is applied to
the wrong sales order.
What is the process to unlink the deposit from the sales order to allow it to be applied to
a different one?
A. Delete the Deposit Application record.
B. Change the sales order form to a cash sale.
C. Once linked, deposits cannot be unlinked and need to be credited or deleted.
D. On the Customer Deposit, the sales order field will be a drop down. Choose the
appropriate sales order to link it to - ✔✔B. Change the sales order form to a cash sale.
✔✔What are two considerations for shipping integration?
A. Shipping Items track profitability per Sales Order.
B. Tracking numbers assigned on the Fulfillment flow backward to the Sales Order.
C. Both Fedex and UPS support use of negotiated rates when charging customers for
shipping.
D. Shipping Items can be used by multiple subsidiaries, as long as they have the same
base currency. - ✔✔C. Both Fedex and UPS support use of negotiated rates when
charging customers for shipping.
D. Shipping Items can be used by multiple subsidiaries, as long as they have the same
base currency.
✔✔Which statement is true about enabling the Multi-Location Inventory feature?
A. It is recommended to fulfill all open orders after enabling Multi-Location Inventory,
before distributing
inventory.
, B. The quantity and valuation on inventory reports will not include the quantity
distributed per locations.
C. The Enable Multi-Location Inventory feature can be enabled anytime after enabling
the Inventory Feature.
D. The Multi-Location Inventory feature can be disabled anytime after distributing
inventory. - ✔✔C. The Enable Multi-Location Inventory feature can be enabled anytime
after enabling the Inventory Feature.
✔✔An employee reports eight hours of consulting services for three days to the same
customer.
Which two invoicing preferences option will produce an invoice with 24 hours of time at
the billable rate?
A. Group Time by Employee
B. Combine Time Items on Invoices
C. Bill Employee Costs To Customer
D. Combine Employee Time on Invoices - ✔✔A. Group Time by Employee
B. Combine Time Items on Invoices
✔✔A company sells yearly service contracts for $1,000 that require a 10% initial fee.
These are sometimes discounted. They bill at the end of each month.
How should the billing schedule for this company be configured? Which three settings
would be correct?
Recurrence frequency is monthly.
A. Initial amount set to $100
B. Initial amount is set to 10%
C. In Arrears is Enabled
D. In Arrears is disabled
E. Recurrence count is 11
F. Recurrence count is 12 - ✔✔B. Initial amount is set to 10%
C. In Arrears is Enabled
F. Recurrence count is 12
✔✔Match the Revenue Recognition Feature with how it can be used.
1. Revenue Commitment
2. VSOE
3. Revenue Recognition Schedule
4. Revenue Recognition Template
QUESTIONS AND SOLUTIONS RATED A+
✔✔Which two statements are true about the Multiple Calendars feature?
A. Without this feature, Tax Periods are the same as Accounting Periods.
B. Without this feature, the Tax Years are the same across all subsidiaries.
C. With this feature, U.S. and Canadian subsidiaries can utilize Tax Period functionality.
D. With this feature, different fiscal calendar definitions can be used on the same
subsidiary for accounting
and tax periods. - ✔✔B. Without this feature, the Tax Years are the same across all
subsidiaries.
D. With this feature, different fiscal calendar definitions can be used on the same
subsidiary for accounting
and tax periods.
✔✔What is the impact of enabling the "Void Transactions Using Reversing Journals"
setting?
A. It displays a VOID button on the transaction and voids the Journal Entry.
B. It displays a VOID button on the transaction and creates a Reversing Journal Entry.
C. It displays a CANCEL button on the transaction and allows a manual Journal Entry to
be associated.
D. It displays a CANCEL button on the transaction and negates the GL impact, making
the transaction nonposting. - ✔✔B. It displays a VOID button on the transaction and
creates a Reversing Journal Entry.
✔✔Which functionality is included when the Consolidated Payments feature is enabled?
A. The credit limit set on individual subcustomers records is enforced.
B. Consolidated Unbilled Orders are shown as a sublist on the customer record.
C. The A/R Aging report shows the un-consolidated balance for each subcustomer.
D. Only consolidated statements for the entire customer-subcustomer can be printed. -
✔✔C. The A/R Aging report shows the un-consolidated balance for each subcustomer.
✔✔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 two features and/or functions in NetSuite need to be enabled?
A. Advanced Shipping
B. Shipping Label Integration
C. Multiple Shipping Routes
D. Enable Line Item Shipping - ✔✔C. Multiple Shipping Routes
,D. Enable Line Item Shipping
✔✔A company's corporate policy requires re-approval for any changes made to
approved sales orders prior to fulfillment. A sales order was entered, approved and then
changed but did not go back through the approval process.
Why did this sales order not go back through the approval process?
A. The change was made by the originator of the sales order.
B. The "Require Re-Approval on edit of Sales Order" preference is not set.
C. The change did not affect the dollar amount of the order, therefore no re-approval is
required.
D. The change was made by a user with Administrator rights. - ✔✔B. The "Require Re-
Approval on edit of Sales Order" preference is not set.
✔✔A customer has multiple open sales orders on file. A customer deposit is applied to
the wrong sales order.
What is the process to unlink the deposit from the sales order to allow it to be applied to
a different one?
A. Delete the Deposit Application record.
B. Change the sales order form to a cash sale.
C. Once linked, deposits cannot be unlinked and need to be credited or deleted.
D. On the Customer Deposit, the sales order field will be a drop down. Choose the
appropriate sales order to link it to - ✔✔B. Change the sales order form to a cash sale.
✔✔What are two considerations for shipping integration?
A. Shipping Items track profitability per Sales Order.
B. Tracking numbers assigned on the Fulfillment flow backward to the Sales Order.
C. Both Fedex and UPS support use of negotiated rates when charging customers for
shipping.
D. Shipping Items can be used by multiple subsidiaries, as long as they have the same
base currency. - ✔✔C. Both Fedex and UPS support use of negotiated rates when
charging customers for shipping.
D. Shipping Items can be used by multiple subsidiaries, as long as they have the same
base currency.
✔✔Which statement is true about enabling the Multi-Location Inventory feature?
A. It is recommended to fulfill all open orders after enabling Multi-Location Inventory,
before distributing
inventory.
, B. The quantity and valuation on inventory reports will not include the quantity
distributed per locations.
C. The Enable Multi-Location Inventory feature can be enabled anytime after enabling
the Inventory Feature.
D. The Multi-Location Inventory feature can be disabled anytime after distributing
inventory. - ✔✔C. The Enable Multi-Location Inventory feature can be enabled anytime
after enabling the Inventory Feature.
✔✔An employee reports eight hours of consulting services for three days to the same
customer.
Which two invoicing preferences option will produce an invoice with 24 hours of time at
the billable rate?
A. Group Time by Employee
B. Combine Time Items on Invoices
C. Bill Employee Costs To Customer
D. Combine Employee Time on Invoices - ✔✔A. Group Time by Employee
B. Combine Time Items on Invoices
✔✔A company sells yearly service contracts for $1,000 that require a 10% initial fee.
These are sometimes discounted. They bill at the end of each month.
How should the billing schedule for this company be configured? Which three settings
would be correct?
Recurrence frequency is monthly.
A. Initial amount set to $100
B. Initial amount is set to 10%
C. In Arrears is Enabled
D. In Arrears is disabled
E. Recurrence count is 11
F. Recurrence count is 12 - ✔✔B. Initial amount is set to 10%
C. In Arrears is Enabled
F. Recurrence count is 12
✔✔Match the Revenue Recognition Feature with how it can be used.
1. Revenue Commitment
2. VSOE
3. Revenue Recognition Schedule
4. Revenue Recognition Template
