NetSuite SuiteFoundations Exam Prep| 75
QUESTIONS WITH 100% CORRECT ANSWERS
SuiteBuilder is a point and click tool for customization Correct Answer: True
Use a _________ ________ to control how information is entered and viewed
Correct Answer: Custom Forms
A custom record may be a better option than adding too many custom fields to an
existing record Correct Answer: True?
Preparation for the Data Import is crucial to a successful import Correct Answer:
True?
How can I create a CSV template to use for an import template? Correct Answer:
Export a List view
All records may be imported via the import assistant Correct Answer: False
What sort of criteria can you set by going to Setup > Company > Duplicate
Detection? Correct Answer: 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 Correct Answer: 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? Correct
Answer: Mass Update
Which features allow editing records directly from a list? Correct Answer: Inline
Editing
Account Numbers are Mandatory in the Chart of Accounts Correct Answer: False
Turn on this feature at Setup>>Accounting>>Accounting Preferences>>General
You cannot setup past and future accounting periods Correct Answer: False
, You cannot do Cash Basis reporting Correct Answer: False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report
edit and go to More Options
Subsidiary Correct Answer: Create for each legal entity
Opening Balance Correct Answer: Balance for each general ledger account
Classifications Correct Answer: Facilitates financial segmenting using
departments, classes, and locations
Accounting Periods Correct Answer: Ability to have transactions posted to a
period, rather than just a date
Tax agencies are whom we pay collected taxes Correct Answer: True (as vendors)
Tax control accounts can be set up manually Correct Answer: True, but only
through the Tax Control Account Setup
A tax nexus defines the tax jurisdiction, where business is transacted Correct
Answer: True
A subsidiary can only have one tax nexus Correct Answer: 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 Correct Answer: True
Inventory items can also include serialized and lot numbered inventory if those
features have been enabled Correct Answer: True
Non-inventory items are only available for purchase Correct Answer: False
For Purchase, For Resale, For Sale
Service items cannot be fulfilled Correct Answer: False
Name the three NetSuite classifications available for reporting and the GL Correct
Answer: Location, Class, Department
QUESTIONS WITH 100% CORRECT ANSWERS
SuiteBuilder is a point and click tool for customization Correct Answer: True
Use a _________ ________ to control how information is entered and viewed
Correct Answer: Custom Forms
A custom record may be a better option than adding too many custom fields to an
existing record Correct Answer: True?
Preparation for the Data Import is crucial to a successful import Correct Answer:
True?
How can I create a CSV template to use for an import template? Correct Answer:
Export a List view
All records may be imported via the import assistant Correct Answer: False
What sort of criteria can you set by going to Setup > Company > Duplicate
Detection? Correct Answer: 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 Correct Answer: 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? Correct
Answer: Mass Update
Which features allow editing records directly from a list? Correct Answer: Inline
Editing
Account Numbers are Mandatory in the Chart of Accounts Correct Answer: False
Turn on this feature at Setup>>Accounting>>Accounting Preferences>>General
You cannot setup past and future accounting periods Correct Answer: False
, You cannot do Cash Basis reporting Correct Answer: False.
Setup>>Accounting>>AccountingPreferences>>General Ledger or on each report
edit and go to More Options
Subsidiary Correct Answer: Create for each legal entity
Opening Balance Correct Answer: Balance for each general ledger account
Classifications Correct Answer: Facilitates financial segmenting using
departments, classes, and locations
Accounting Periods Correct Answer: Ability to have transactions posted to a
period, rather than just a date
Tax agencies are whom we pay collected taxes Correct Answer: True (as vendors)
Tax control accounts can be set up manually Correct Answer: True, but only
through the Tax Control Account Setup
A tax nexus defines the tax jurisdiction, where business is transacted Correct
Answer: True
A subsidiary can only have one tax nexus Correct Answer: 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 Correct Answer: True
Inventory items can also include serialized and lot numbered inventory if those
features have been enabled Correct Answer: True
Non-inventory items are only available for purchase Correct Answer: False
For Purchase, For Resale, For Sale
Service items cannot be fulfilled Correct Answer: False
Name the three NetSuite classifications available for reporting and the GL Correct
Answer: Location, Class, Department
