Get Certified Easily with Online NetSuite Financial User Dumps

Using NetSuite Financial User Certification NetSuite Financial User questions can help you build confidence as you prepare for the exam. By practicing with these NetSuite Financial User dumps questions, you will be better prepared and more confident when you take the actual exam. Besides, NetSuite Financial User exam dumps questions cover a wide range of topics that are relevant to the certification exam. By using NetSuite Financial User dumps questions, you will be able to ensure that you have a comprehensive understanding of the material covered on the exam. Practice free NetSuite NetSuite Financial User exam dumps below.

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1. On which financial statements are invoices summarized?

income statement

Balance sheet

account payable aging

general ledger

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2. Which two statements are true about budgets in NetSuite? (Choose two.)

Budgets can use statistical accounts

Budgets set to "Enforce" prevent overspending.

Global budget amounts may fluctuate when viewed in root parent currency.

Local budget amounts may fluctuate when consolidated to parent subsidiary view.

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3. 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.

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4. Which statement is true about budgets in NetSuite?

budgets must be entered manually

budgets can only be created for income and expense accounts

budgets hold setting for expenses will prevent overspending

Multiple budgets can be created for the same year and criteria

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5. What is a characteristic of Intercompany JEs?

An elimination subsidiary must be one of the included subsidiaries

They require a minimum of 2 lines

If they are unbalanced between subsidiaries, they must balance within each subsidiary

The exchange rate can be set manually

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6. Which two criteria can be used to define a custom section in a custom financial statement? (Choose two)

Date of Account Created

Department

Account Balance

Name of Account

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7. Which two statements are true about Vendors in a One World account? (Choose two.)

Vendors can have multiple currencies.

There is one Credit Limit value per Vendor.

Vendors can only be assigned to one subsidiary.

Vendors can be assigned to multiple subsidiaries.

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8. How does NetSuite set up a company record when you buy from and sell to the same company?

either the vendor or the customer can be set as "Parent of" the other record to link them

NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records

NetSuite uses a single company record to track this combined relationship

NetSuite uses unrelated customer and vendor records to track these

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9. which two settings are needed for billable items to appear on the customer invoice (choose 2)

billable checkbox

customer

invoice number

memo

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10. Which account in a general ledger is being cleared when Make Deposits transaction is used?

Accounts Payable

Undeposited Funds

Customer Deposits

Accounts Receivable

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11. 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

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12. What two transactions cause a Bill Variance journal entry to be posted?

Item receipt

purchase order

bill payment

purchase requisition

Vendor bill

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13. Characteristics of purchase order in NetSuite?

purchase in the currency the of the vendor's primary subsidiary

purchase order must be in the primary currency of the vendor

a purchase requisition is required before creating a purchase order

purchase orders have no accounting/GL impact

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14. A Sales Order should be billed when certain key project tasks have been completed.

Which type of billing schedule should be used?

Standard

Charge Based

Fixed Bid Milestone

Time and Material

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15. Which two statements are true about setting up expense allocations? (Choose two.)

The target must be one account

The source must be one account.

The target can be multiple accounts

The source can be multiple accounts

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16. When Vendor credits auto-apply, which vendor bills are they applied to?

The vendor bills with a matching balance

The oldest vendor bills

The newest vendor bills

The vendor bills with the smallest balance

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17. Which three record types can be tagged Department | Class | Location? (Choose Three)

Customers

Items

Transactions

Employees

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18. Which transaction requires a credit memo before a refund?

Invoice

Cash Sale

Sales Order

Customer Deposit

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19. 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.

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20. which 2 record types can be applied to customer payment (choose 2)

refund

credit memo

customer deposit

cash sales

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21. Which two boxes must be used to reverse the journal entry next month (choose 2)

Defer entry

memo

pending approval

Reversal date

do not post until

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22. Which statement is true about setting up NetSuite budgets?

Copying budgets is not recommended.

Budgets can be imported into NetSuite using CS

Budgets must be created manually in the NetSuite user interface.

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

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23. Which statement is true about expense allocations?

Allocation schedules can only be set to a frequency of once per month

Allocation JEs must zero out the source expense account

Allocation schedules can be assigned to any expense account

Allocation schedules are assigned to specific purchase transactions

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24. How must a Bank Account be denominated when using the multi-currency feature?

It may be denominated in any one currency.

It may be denominated in multiple currencies.

It must be denominated in the Base Currency of the subsidiary.

It must be denominated in the Base Currency of the Root Subsidiary

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25. Which row type in a Financial Report allows display of the same unmodified data from another row?

Text Row

Echo Row

Formula Row

Reference Row

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26. 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

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