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