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2023-2024 NetSuite ERP Consultant Exam with Answers (183 Solved Questions)

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    1 NetSuite ERP Consultant Exam Latest 2023 - 2024 Exam 200 + Questions And Verified Answers |A lready grade d A If a $15 shipping charge is added to a sales order for 3 items, and 1 of those is fulfilled/billed first and the remaining 2 items are fulfilled/billed later, how much of the shipping charge shows up on each bill? ($5/10, $15/0, or $0/15) - ANSWER - It wil l only charge for the amount shipped. Thus - $5 for the first item and $10 for the next two. Shipping item limited to 1 subsidiary (e.g. if UPS is a shipping item, create multiple versions for each sub) - ANSWER - Can create multiple shipping items for the same service to allow for using a carrier across multiple subs What causes a credit card hold? Choose 2 (AVS, CCV, Soft Descriptor) - ANSWER - Address Verification (AVS), Card Verification Value (CVV) Which can be shared across subsidiaries? (Vendors, Customers, Warehouse Location, Bins, Items, etc.) - ANSWER - GL Accounts, Tax Nexuses, Vendors, Customers, Warehouse Location, Bins, Items Wh at is the email hierarchy for saved searches? - ANSWER - 1. Specific Recipients 2. 'Recipients from results' tab sends emails to specific recipients baed on search filters 3. Targeting recipients based on search filters (alternate) Fixed Asset record - ANSWER - 1. Include in Reports checkbox to include asset type in Asset Summary Report - all assets are included in the report by default 2. You can set asset depreciation para meters on the asset record If 'Restrict Ability to Reject Proposals' is selected, what is the outcome? - ANSWER - Only administrators have access to the 'Reject' Proposal' button

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    2 Why would a custom field that has been added to a custom form but doesn' t show up on the mapping screen? - ANSWER - Make sure the custom form is selected in advanced CSV settings What are the differences between inventory adjustment, inventory worksheet, and the various input methods? - ANSWER - 1. Inventory Adjustment - Manual & Web Services - Inclusive of previous stock count, maintains LIFO & FIFO costing 2. Inventory Worksheet - Manual & CSV Import - Resets the inventory count to the amount entered on the worksheet Best practice to edit transactions in a closed period? - ANSWER - Give user admin role - re - open the closed period and close it again after the edits are made Where can the foreign exchange rate be configured to the historical exchange rate? - ANSWER - Subsidiary Conditions for accepting consolidated payments for child customers? - ANSWER - Must be same currency & same subsidiary On which record do you enter tracking number, if you are NOT using a shipping integration? - ANSWER - Item fulfillment record What happens when there is a credit card on a sales order? - ANSWER - 1 Authorize 2. Charge/capture (upon fulfillment) Customer center vs. Account center - ANSWER - 1. Customer center - a role, accessible from netsuite.com 2. My Account - only available from the eCommerce site Review the SQL functions - ANSWER - 1. CASE - Returns values based on different conditions 2. DECODE - Compares each expression to each search value 1 by 1 - IF expression = x, result is returned, IF not, default is returned 3. ISNULL - Replaces Null with another value .

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    3 4. NULLIF - If two expressions are equal, then null is returned Which edition doesn't calculate tax out of the box? - ANSWER - United States Which field type to use for which scenario? 1. Hidden 2. Normal 3. Inline 4. Disabled - ANSWER - 1. Hidden - field cannot be seen on the record or transaction 2. Normal - field can be edited 3. Inline - used for informational purposes - cannot be edited 4. Disabled - field cannot be edited How to delete data in bulk? - ANSWER - 1. Inline 2. Suitescript 3. Delete all data 4. CSV import How to restrict a role to a custom form? - ANSWER - 1. Hide or disable custom form field - other users would not be able to switch out of this custom form 2. Clear the enabled checkbox for all other forms under Customize Role > Forms - Role could get acces s to new custom forms 3. Use the restricted checkbox under Customize Role > Forms - this is the best method 4. On the custom form, mark preferred for the user's role - user can still access other forms What causes posting to COGS? - ANSWER - 1. Standalone in voice 2. Item fulfillment How to prevent returned items from being added back into inventory? - ANSWER - 1. Clear re - stock option on item record 2. Enter write - off account on item return record How to view records without NS login? - ANSWER - File cabinet - 'Make all Files available without Login'

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    4 Which transaction records are posting? - ANSWER - 1. Invoice 2. Vendor Bill 3. Cash Sale Which account types can only be linked with a single subsidiary? - ANSWER - Bank accounts & credit cards KPI Scorecard vs. KPIs vs. KPI Meter - ANSWER - 1. KPI - critical biz metrics, individual line within a portlet 2. KPI Scorecard - compares multiple KPIs over multiple date ranges + accounting periods 3. KPI meter - displays the KPI in a semi - circular meter with date ranges How to enable multiple addresses for o ne order? - ANSWER - 1 . Enable multiple shipping routes & line item shipping Why use global permissions? - ANSWER - Global permissions apply to all of a user's roles & and supersedes permissions set on role Can SuiteFlow trigger SuiteScript - ANSWER - Yes What are the credit card hold settings? - ANSWER - 1. Ignore - doesn't matter if customer has met or exceeded their credit limit 2. Warn Only - Generates a warning when transaction is entered that puts a customer at or above the limit 3. Enforce holds - blocks entry of transaction for a customer at or above the limit 4. Days overdue for warning/hold - # of days overdue to generate warning or enforce hold Revenue recognition options - ANSWER - 1. Revenue commitment - allows rev rec before billing 2. Rev rec schedule - shows list of revenue recognition journal entries to be generated 3. Rev rec template - Allows for definition of % of revenue to be recognized up front 4. VSOE - recognizes products that are sold as a bundle, price is the FMV that is recognized, not the invoice amount

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    5 What are the various inventory statuses in NetSuite? - ANSWER - 1. In - transit - not counted as stock or as an asset 2. Quantity on - hand - currently stocked + committed to orders 3. Quantity available - currently stocked - committed to orders What item types to use on a custom gift basket that includes a perishable? - ANSWER - 1. Lot numbered inventory 2. Lot assembly NetSuite support is needed to: - ANSWER - 1. COGS recalc 2. Disable multi - location inventory 3. Bulk transaction delete 4. View unencrypted CC number permission VOID TRANSACTIONS USING REVERSING JOURNALS - ANSWER - Displays a VOID button on the transaction and creates a Reversing Journal entry Consolidated Payments functionality - ANSWER - 1. A/R aging report shows the unconsolidated balance for each subcustomer 2. Accept payment from subcustomer or at the parent level 3. Customers and subcustomer can have different primary currencies Which 3 requirements can be addressed using standard NS functionality in Accounting Preferences? - ANSWER - 1. Automatically Email Drop Ship PO's, 2. Send Order Fulfilled Confirmation Emails, 3. Send Email Confirmation when SO is cancelled. A company h as decided to use the Class segment to track product lines on sales. They would like to force users to enter a value in this field and have configured the system to show the class field at the line level of transactions. What 2 configs are required? - ANSW ER - 1. Enable the account pref: Make Classes Mandatory, 2. Create a dummy value called "No Class" Which action is recommended for undesired accounts in preparing for go - live - ANSWER - Leave undesired accounts active in case transactions post to them

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