NetSuite NetSuite-Financial-User NetSuite Financial User Certification Exam Exam Practice Test Questions

• Question 1

  Which statement is true about Accept Customer Payment?

  • Customer Payments and Cash Sales have the same GL Impact.
  • A single customer payment can be applied to multiple invoices.
  • Customer Payment and Customer Deposit are different terms for the same transaction.
  • Customer Payments post to Undeposited Funds when payment is questionable.

  Show Answer Answer: B Next

• Question 2

  which two steps are recommended to track travel expenses by department (choose 2)

  • Make department options
  • Use separate general ledger accounts for each internal department expenses
  • Make department mandatory
  • Share general ledger accounts between departments

  Show Answer Answer: C Next

• Question 3

  Which account type is non-posting?

  • Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.
  • Deferred Expense
  • Unbilled Receivable
  • Other Current Liability

  Show Answer Answer: A Next

• Question 4

  Which expense allocation use case requires the use of statistical accounts?

  • Static division of rent-based location
  • Predefined split of marketing costs among sales channels
  • Even 50/50 split of receptionist salary based on department
  • Division of recruiting based upon headcount

  Show Answer Answer: D Next

• Question 5

  What is true about multi-currency Customers?

  • Customers may use an unlimited number of currencies.
  • Customers can choose to pay an invoice in any currency.
  • Sub customers must transact in the currency of the Parent Customer.
  • Customers are limited to the currency of the subsidiary they are linked to.

  Show Answer Answer: A Next