2024 Correct Practice Tests of NetSuite-Financial-User Dumps with Practice Exam [Q38-Q61]

Rate this post

2024 Correct Practice Tests of NetSuite-Financial-User Dumps with Practice Exam

Certification Sample Questions of NetSuite-Financial-User Dumps With 100% Exam Passing Guarantee

NEW QUESTION 38
Which statement is true about Local versus Global budgets?

Local budget can be entered in the currency of the parent or the child subsidiary.

Global budgets can be entered in the currency of the parent or the child subsidiary.

Budgets are automatically converted in reports to show in the currency context being viewed.

It is recommended that either a Global or a Local budget should be used, rather than both types.

NEW QUESTION 39
What is the simplest way to post interest accrued while using the Reconcile Bank Statement page?

Post a Journal Entry

Use the New Charges subtab

Use the New Deposits subtab

Post a Write Check transaction

NEW QUESTION 40
Which statement is true about setting up NetSuite budgets?

Copying budgets is not recommended.

Budgets can be imported into NetSuite using CSV.

Budgets must be created manually in the NetSuite user interface.

Budgets can be created for multiple criteria, but only one per parameter.

NEW QUESTION 41
Which two settings are needed for billable items to appear on the customer invoice? (Choose 2)

Billable Checkbox

Memo

Customer

Invoice Number

NEW QUESTION 42
Which statement is true about the Period Close Checklist?

This is required for Year-End Close.

Tasks may be completed in any order.

Customer-specific steps can be added.

Tasks displayed depend upon features enabled.

NEW QUESTION 43
Which setting requires separate review of sales orders?

Pending approval status

Pending fulfillment status

Credit Limit

Pending Billing status

NEW QUESTION 44
Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)

custom sections are restricted to one account type

formula rows calculate from the row immediately above

Each financial section has its own header and summary row

Each section can be customized to have multiple account types

NEW QUESTION 45
What is one characteristic of Elimination Journal Entries?

They are posted to only one subsidiary.

They are the same as Intercompany Journal Entries.

They are approved automatically when entered manually.

They are used to transfer profit from one subsidiary to another Alternative Answers:

NEW QUESTION 46
Which transaction requires a credit memo before a refund?

Invoice

Cash Sale

Sales Order

Customer Deposit

NEW QUESTION 47
Which two statements are true about intercompany expense allocations? (Choose two.)

The target must be one subsidiary

The source must be one subsidiary

The target can be multiple subsidiary

The source can be multiple subsidiary

NEW QUESTION 48
Which two options should be selected to create a memorized transaction for the electric bill, which varies in amount each month but will continue until canceled?

Action: Reminder

Override Transaction Date

Action: Automatic

Indefinite

Number Remaining

NEW QUESTION 49
What is the simplest way to post incurred bank fees while using the Reconcile Bank Statement page?

Post a Journal Entry

Use the New Charges subtab

Use the New Deposits subtab

Post a Write Check transaction

NEW QUESTION 50
Which two options are possible to set in NetSuite? (Choose Two)

Prevent fulfillment of a Sales Order for Customers over their Credit Limit

Allow Estimates/Quote for customers over their Credit Limit but show a warning to the person entering the order.

Prevent Sales Orders being entered for Customers over their credit limit

Allow Sales orders for customers over their credit limit, but show a warning to the person entering the order

NEW QUESTION 51
Which statement is true about re-opening closed periods?

The period close checklist is only required the first time you close a period

Only administrator can re-open closed periods

If only one period is re-opened, no other periods are affected

A justification must be entered to re-open a closed period

NEW QUESTION 52
Which Two accounts have dedicated reconciliation page in NS?

Bank

Fixed Asset

Credit Card

Sales Tax Liability

NEW QUESTION 53
Which statement is true about inter-company journal entries?

Minimum of four lines

used to log intercompany eliminations

balance within each subsidiary, they need not balance between subsidiaries

maximum of six lines

NEW QUESTION 54
What are two characteristics of setting up Bank Accounts? (Choose 2)

A bank account must belong to only one subsidiary

A bank account can be held in multiple currencies

A bank account can be shared by multiple subsidiaries

A bank account must be held in one currency only

NEW QUESTION 55
When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)

Do Not Post Until

Defer Entry

Memo

Pending Approval

Reversal Date

NEW QUESTION 56
Which two statements are true about Invoices in NetSuite? (Choose two)

Invoices can be created without reference to a Sales Order.

Multiple Sales Orders can generate one Invoice.

Invoices can be assigned to Sales Orders after the Invoice has been created.

The Electronic Invoicing SuiteApp allows sending of individual invoices or batches.

NEW QUESTION 57
Which statement is true about recording customer payments?

Accept Customer Payment offsets Accounts Receivable posting

Customer payments must match paid invoices 1:1

Electronic payments SuiteApp is required to record customer payments by credit card

Undeposited Funds is not necessary if all your customers pay by credit card.

NEW QUESTION 58
Which two transactions containing inventory items will post to COGS? (Choose two)

Item Return

Item Fulfillment

Standalone invoices

Invoices created from Sales Orders

NEW QUESTION 59
To which account should the customer payments be posted, to consolidate all customer payments recorded through the day into one bank deposit at the end of the day?

customer deposits

Bank account

undeposited funds

accounts receivable

NEW QUESTION 60
What are two considerations for managing multiple fiscal calendars? Choose two

Periods are created separately for each fiscal calendar

A subsidiary can have multiple fiscal calendars without multi-Book

A fiscal calendar can be used by multiple subsidiaries

Periods are shared across fiscal calendars.

NEW QUESTION 61
Which statement is true about NS budgets?

Multiple budgets can be created for same year and criteria

Budgets must be answered manually

Budgets can only be created for income and expense accounts

Budget Hold setting for expense accounts will prevent overspending

Loading …

NetSuite-Financial-User Sample Practice Exam Questions 2024 Updated Verified: https://www.dumpleader.com/NetSuite-Financial-User_exam.html

Leave a Reply Cancel reply