NETSUITE SUITEFOUNDATION CERTIFICATION EXAM
2025 | ALL QUESTIONS AND CORRECT ANSWERS |
LATEST VERSION | GRADED A+|| 2025/26
EFT -CORRECT ANSWER Electronic Funds Transfer (transfer directly from bank
account)
3 Types of Customer Payments: -CORRECT ANSWER EFT (electronic funds
transfer), Paypal on web store, Credit Card processing
ACH (what is it, and it is the only way to do what?) -CORRECT ANSWER Automated
Clearing House (process transactions through ACH network for EFT) The only way to
pay vendors in NS.
Nexus -CORRECT ANSWER how to collect and pay taxes in different areas of the
world (defines jurisdiction in which collect and pay taxes)
Tax Control Accounts -CORRECT ANSWER define tax types and do GL posting of
indirect taxes (indirect taxes = Sales tax and VAT)
Tax Types -CORRECT ANSWER defines tax codes on balance sheet
Tax Groups -CORRECT ANSWER combines several tax codes and applies them to a
transaction (group of tax codes to one transaction)
Tax Codes -CORRECT ANSWER determines the tax amount applied to a single
transaction (as opposed to tax groups, which is a group of tax codes)
Tax Schedule -CORRECT ANSWER determines how NS calculates taxes for items in
each nexus
Where to set up tax periods -CORRECT ANSWER setup > accounting > manage tax
periods
To set up taxes on an item record (2 steps) -CORRECT ANSWER 1. Setup >
Accounting > tax schedule > new
2. Item record > accounting tab > choose tax schedule
,How to set up nexus (2 steps) -CORRECT ANSWER 1. Set up advanced taxes
2. Determined by customer choice
Tax in all other countries -CORRECT ANSWER International XX (no pre-coded tax)
Tax in Japan -CORRECT ANSWER Consumption Tax
Tax in the UK -CORRECT ANSWER VAT
Tax in Canada -CORRECT ANSWER GST and PST (precoded, yes, Tax reporting
periods, no. Foreign trade settings, no)
Tax in Australia -CORRECT ANSWER GST
Tax in the US -CORRECT ANSWER State import tax (precoded, no, tax reporting
periods no, foreign trade settings, no)
Records -CORRECT ANSWER store data as a specific record type (how and where
data is stored)
Forms -CORRECT ANSWER used to enter, view, modify data in NS
Transactions -CORRECT ANSWER Any record involving the movement of money or
value
Lists -CORRECT ANSWER Include people, places, or things (nouns)
Which enable features cannot be disabled once enabled? (5 things) -CORRECT
ANSWER 1. Multi-location inventory
2. Oneworld
3. Multiple Currencies
4.. Multi-language
5. Advanced Revenue Management
Identify the general functionality that can be controlled under enable features. -
CORRECT ANSWER You can turn features on and off
List the topics under enable features (10 things) -CORRECT ANSWER 1. Company
2. Accounting
3. Tax
4. Transactions
5. Items and inventory
6. employees
,7. CRM
8. Analytics
9. Web Presence (e-commerce site)
10. SuiteCloud
How are tax periods set up? -CORRECT ANSWER Setup > accounting > manage tax
periods
Vendor payment methods -CORRECT ANSWER ACH and Online Bill Pay
Sales Orders (do they have accounting impact?) -CORRECT ANSWER Transactions
recording the sale of goods or services, no accounting impact
What are Sales Orders generated by? (3 things) -CORRECT ANSWER 1. Receipt of
purchase order
2. Entered as webstore purchase
3. Online order in customer center
Searches (5 things) -CORRECT ANSWER 1. dynamic list of results
2. may be easier to navigate
3. flexibility with formulas
4. highlighting capability
5. Can be reused in many places, providing different displays of the results
What search searches on dates? -CORRECT ANSWER quick search portlet (set it as
transaction or any other specific type, otherwise it is the same as a global search)
Reports (5 things) -CORRECT ANSWER 1. point in time analysis
2. natural, hierarchical grouping
3. totals and subtitles
4. More polished appearance
5. may include calculated fields and dimensions not available in a search
2 Vendor Payment Methods -CORRECT ANSWER ACH and Electronic payments
CRM -CORRECT ANSWER activities with customers
Where to create custom forms and fields? -CORRECT ANSWER customization >
lists, records, and fields or > forms
A Sales order is a -CORRECT ANSWER commitment to sell items or service
How do you set up an employee as a sales person? -CORRECT ANSWER Use the
check box on the employee record.
, Entity -CORRECT ANSWER people or organizations you do business with
Case -CORRECT ANSWER Interaction between a customer and NS support
Role -CORRECT ANSWER Permissions given to users (standard and custom)
PET -CORRECT ANSWER Page, email, time (double click NetSuite logo to see)
What happens when you delete all data? -CORRECT ANSWER NS is returned to a
blank shell
How do you navigate to delete all data? -CORRECT ANSWER setup > company >
delete all data
What are the 4 levels of access? -CORRECT ANSWER 1. View
2. create
3. Edit
4. Full (can delete things)
Where can you find the NS account number? (navigation) -CORRECT ANSWER
SuiteCORRECT ANSWERs > phone number (contact support)
Where can you create an online form (i.e. lead) (navigation) -CORRECT ANSWER
setup > marketing > online customer form
Classification -CORRECT ANSWER used measure your business and track records
What are three types of classifications? -CORRECT ANSWER 1. Department
2. Classes
3. Location
Classes -CORRECT ANSWER used for wider categorization within the business unit
What do you use to set up matrix items? -CORRECT ANSWER use matrix assistant
to set up list with colors and sizes
What are Item Groups used for? -CORRECT ANSWER For ease of entry if customers
often buy a group of items--will auto populate when entering only one item
Kit/package (2 facts) -CORRECT ANSWER 1. gives you the ability to create items
that are collected from other items (and display as a single item)
2. Compiled and fulfilled as they go out the door
2025 | ALL QUESTIONS AND CORRECT ANSWERS |
LATEST VERSION | GRADED A+|| 2025/26
EFT -CORRECT ANSWER Electronic Funds Transfer (transfer directly from bank
account)
3 Types of Customer Payments: -CORRECT ANSWER EFT (electronic funds
transfer), Paypal on web store, Credit Card processing
ACH (what is it, and it is the only way to do what?) -CORRECT ANSWER Automated
Clearing House (process transactions through ACH network for EFT) The only way to
pay vendors in NS.
Nexus -CORRECT ANSWER how to collect and pay taxes in different areas of the
world (defines jurisdiction in which collect and pay taxes)
Tax Control Accounts -CORRECT ANSWER define tax types and do GL posting of
indirect taxes (indirect taxes = Sales tax and VAT)
Tax Types -CORRECT ANSWER defines tax codes on balance sheet
Tax Groups -CORRECT ANSWER combines several tax codes and applies them to a
transaction (group of tax codes to one transaction)
Tax Codes -CORRECT ANSWER determines the tax amount applied to a single
transaction (as opposed to tax groups, which is a group of tax codes)
Tax Schedule -CORRECT ANSWER determines how NS calculates taxes for items in
each nexus
Where to set up tax periods -CORRECT ANSWER setup > accounting > manage tax
periods
To set up taxes on an item record (2 steps) -CORRECT ANSWER 1. Setup >
Accounting > tax schedule > new
2. Item record > accounting tab > choose tax schedule
,How to set up nexus (2 steps) -CORRECT ANSWER 1. Set up advanced taxes
2. Determined by customer choice
Tax in all other countries -CORRECT ANSWER International XX (no pre-coded tax)
Tax in Japan -CORRECT ANSWER Consumption Tax
Tax in the UK -CORRECT ANSWER VAT
Tax in Canada -CORRECT ANSWER GST and PST (precoded, yes, Tax reporting
periods, no. Foreign trade settings, no)
Tax in Australia -CORRECT ANSWER GST
Tax in the US -CORRECT ANSWER State import tax (precoded, no, tax reporting
periods no, foreign trade settings, no)
Records -CORRECT ANSWER store data as a specific record type (how and where
data is stored)
Forms -CORRECT ANSWER used to enter, view, modify data in NS
Transactions -CORRECT ANSWER Any record involving the movement of money or
value
Lists -CORRECT ANSWER Include people, places, or things (nouns)
Which enable features cannot be disabled once enabled? (5 things) -CORRECT
ANSWER 1. Multi-location inventory
2. Oneworld
3. Multiple Currencies
4.. Multi-language
5. Advanced Revenue Management
Identify the general functionality that can be controlled under enable features. -
CORRECT ANSWER You can turn features on and off
List the topics under enable features (10 things) -CORRECT ANSWER 1. Company
2. Accounting
3. Tax
4. Transactions
5. Items and inventory
6. employees
,7. CRM
8. Analytics
9. Web Presence (e-commerce site)
10. SuiteCloud
How are tax periods set up? -CORRECT ANSWER Setup > accounting > manage tax
periods
Vendor payment methods -CORRECT ANSWER ACH and Online Bill Pay
Sales Orders (do they have accounting impact?) -CORRECT ANSWER Transactions
recording the sale of goods or services, no accounting impact
What are Sales Orders generated by? (3 things) -CORRECT ANSWER 1. Receipt of
purchase order
2. Entered as webstore purchase
3. Online order in customer center
Searches (5 things) -CORRECT ANSWER 1. dynamic list of results
2. may be easier to navigate
3. flexibility with formulas
4. highlighting capability
5. Can be reused in many places, providing different displays of the results
What search searches on dates? -CORRECT ANSWER quick search portlet (set it as
transaction or any other specific type, otherwise it is the same as a global search)
Reports (5 things) -CORRECT ANSWER 1. point in time analysis
2. natural, hierarchical grouping
3. totals and subtitles
4. More polished appearance
5. may include calculated fields and dimensions not available in a search
2 Vendor Payment Methods -CORRECT ANSWER ACH and Electronic payments
CRM -CORRECT ANSWER activities with customers
Where to create custom forms and fields? -CORRECT ANSWER customization >
lists, records, and fields or > forms
A Sales order is a -CORRECT ANSWER commitment to sell items or service
How do you set up an employee as a sales person? -CORRECT ANSWER Use the
check box on the employee record.
, Entity -CORRECT ANSWER people or organizations you do business with
Case -CORRECT ANSWER Interaction between a customer and NS support
Role -CORRECT ANSWER Permissions given to users (standard and custom)
PET -CORRECT ANSWER Page, email, time (double click NetSuite logo to see)
What happens when you delete all data? -CORRECT ANSWER NS is returned to a
blank shell
How do you navigate to delete all data? -CORRECT ANSWER setup > company >
delete all data
What are the 4 levels of access? -CORRECT ANSWER 1. View
2. create
3. Edit
4. Full (can delete things)
Where can you find the NS account number? (navigation) -CORRECT ANSWER
SuiteCORRECT ANSWERs > phone number (contact support)
Where can you create an online form (i.e. lead) (navigation) -CORRECT ANSWER
setup > marketing > online customer form
Classification -CORRECT ANSWER used measure your business and track records
What are three types of classifications? -CORRECT ANSWER 1. Department
2. Classes
3. Location
Classes -CORRECT ANSWER used for wider categorization within the business unit
What do you use to set up matrix items? -CORRECT ANSWER use matrix assistant
to set up list with colors and sizes
What are Item Groups used for? -CORRECT ANSWER For ease of entry if customers
often buy a group of items--will auto populate when entering only one item
Kit/package (2 facts) -CORRECT ANSWER 1. gives you the ability to create items
that are collected from other items (and display as a single item)
2. Compiled and fulfilled as they go out the door
