NetSuite Certification- Suite Foundation Exam Preparation with complete solution Fall 2022/2023

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Multi-Subsidiary Customer Feature - ANSWER Permits you to share a customer or sub-customer record with multiple subsidiaries. Subsidiary Settings Manager - ANSWER Navigate to SetUp>Company>SetUp Ta... sks>Subsidiary Settings Manager (to enable). User Set Up & Password - ANSWER NetSuite Administrators no longer must provide an initial password to new users, because NetSuite user access email templates now contain a synthetic field that trigges the generation of a temporary URL with verification code that is included in the e-mail sent to new users for accessing NetSuite. User Registration Link Expiration In Hours - ANSWER You can set the length of time that the URL generated by the synthetic fields remains valid. -By default the expiration in hours is set to 24 hours, which is hard coded in the standard user access email templates. -Valid values range from one hour to 72 hours -If you change the default value for the setting you must also update the value in the email templates. Role Restrictions - ANSWER You can set restrictions specific to role. Order-to-Invoice Process - ANSWER Transactions >Sales>Invoice Sales Orders Set Preferences - ANSWER Home (Button) > Set Preferences Accounting Preferences - ANSWER Set Up > Accounting > Accounting Preferences Sales Preferences - ANSWER Set Up > Sales > Sales Preferences Marketing Preferences - ANSWER Set Up > Marketing > Marketing Preferences Set Up Accounting Periods - ANSWER Lists > Accounting > Accounts > New Create New Subsidiary - ANSWER Set Up > Company > Subsidiaries > New Set Up Tax Period - ANSWER Set Up > Accounting > Manage Tax Periods Non-inventory for sale - ANSWER to sell items you custom create for each order Non-inventory for purchase - ANSWER office supplies you purchase but do not sell Non-inventory for resale - ANSWER drop-ship items that you do not store but you sell directly from the vendor Item Group - ANSWER Item groups are stocked and sold as one single unit but made up of several different items. The Price of the item group is always dependant on the price of its member items. Furthermore, Item Groups can contain both taxable and non-taxable items, with sales tax on the item group being calculated based on the value of the taxable member items. Kit/Package - ANSWER Similar to Item Groups, Kit/Package items are comprised of items from your inventory, which are sold as one single unit. However, the difference in a Kit/Package item is that its price is not dependant on the prices of its member items, and can be assigned several price levels. When a Kit/Package Item is sold, inventory records are updated for the individual members of the kit. Assembly/Bill of Materials - ANSWER Assembly Items are manufactured by combining Raw Materials in your stock, i.e. it is an inventory. Inventory for each raw material item will be reduced individually as the inventory for the assembly item is increased, depending on the quantity of each raw material used in the process. Track Landed Costs - ANSWER Set Up > Company > Enable Features > Purchasing/Inventory > Item/Cost Detail > Inventory > Landed Cost (Check Box) Landed Costs - ANSWER Tracking Landed Costs allows you to track the total cost associated with acquiring inventory. If you wish to be able to track location specific expenses such as Customs duties or Freight Fees, checking the Track Landed costs tick box under Purchasing/Inventory > Item/Cost Detail will enable this helpful feature. Tracking Landed Costs will be useful when calculating the total cost of goods sold, and any landed cost associated with the item will be added to the actual asset value of the inventory item, allowing you to calculate profitability accurately. Set Up Security Questions - ANSWER You can dismiss the prompt 4 times before you have to set up your questions and answers. Reset Security Questions - ANSWER Once security questions have been set, it is impossible to see the answer. Only option is to reset the password, which will reset security questions. Set up Password Policy - ANSWER Se [Show More]

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