Financial user NetSuite Exam

What is the simplest way to post incurred bank fees while using the Reconcile Bank Statement page?
A. Post a Journal Entry
B. Use the New Charges subtab
C. Use the New Deposits subtab
D. Post a Write Check transaction

B. Use the New Charges subtab

Which transaction requires a credit memo before a refund?
A. Invoice
B. Cash Sale
C. Sales Order
D. Customer Deposit

A. Invoice

How are fiscal calendars used by subsidiaries?
A. Each subsidiary may use its own fiscal calendar
B. Each period may be closed separately in each subsidiary
C. Each period must be locked in each subsidiary separately
D. Parent-Child subsidiaries must use the same fiscal calendar

A. Each subsidiary may use its own fiscal calendar

Which expense allocation use case requires the use of statistical accounts?
A. Static division of rent based on location
B. Division of recruiting based on headcount
C. Predefined split of marketing costs among sales channels
D. Even 50/50 split of receptionist salary based on department

B. Division of recruiting based on headcount

Which transaction, that records the expense and the cash spent in one step, can be used to record ad-hoc purchases such as petty cash?
A. Purchase Order
B. Pay single vendor
C. Write check
D. Transfer funds

C. Write check

Which two statements are true about setting up expense allocations? (Choose two)
A. The target must be one account
B. The source must be one account
C. The target can be multiple accounts
D. The source can be multiple accounts

C. The target can be multiple accounts
D. The source can be multiple accounts

Which two statements are true about Invoices in NetSuite? (Choose two)
A. Invoices can be created without reference to a Sales Order
B. Multiple Sales Orders can generate one Invoice
C. Invoices can be assigned to Sales Orders after creation
D. Electronic Invoicing SuiteApp allows batch/individual sending

A. Invoices can be created without reference to a Sales Order
D. Electronic Invoicing SuiteApp allows batch/individual sending

What is one characteristic of Elimination Journal Entries?
A. They are posted to only one subsidiary
B. They are the same as Intercompany Journal Entries
C. They are approved automatically when entered manually
D. They are used to transfer profit from one subsidiary to another

A. They are posted to only one subsidiary

Which report shows the total value of current assets?
A. Balance Sheet
B. General Ledger
C. Profit and Loss / Income Statement
D. Cash Flow Statement

A. Balance Sheet

Which statement is true about the Period Close Checklist?
A. Required for Year-End Close
B. Tasks may be completed in any order
C. Customer-specific steps can be added
D. Tasks displayed depend upon features enabled

D. Tasks displayed depend upon features enabled

A Sales Order should be billed when certain key project tasks have been completed. Which type of billing schedule should be used?
A. Standard
B. Charge Based
C. Fixed Bid Milestone
D. Time and Material

C. Fixed Bid Milestone

Which two statements are true about Vendors in a OneWorld account? (Choose two)
A. Vendors can have multiple currencies
B. One Credit Limit per Vendor
C. Vendors can only be assigned to one subsidiary
D. Vendors can be assigned to multiple subsidiaries

A. Vendors can have multiple currencies
D. Vendors can be assigned to multiple subsidiaries

Which three statements are true about using Parent Accounts in NetSuite? (Choose three)
A. Checking Summary box prevents posting activity
B. Parent accounts can be posting or non-posting
C. Summary box allows reversing entries
D. Parent accounts are created using "Parent of"
E. Child accounts are created using "Subaccount of"

A. Checking Summary box prevents posting activity
B. Parent accounts can be posting or non-posting
E. Child accounts are created using "Subaccount of"

Which account feature determines in which financial report section an account appears by default?
A. Department | Class | Location
B. Account type
C. Account number
D. Currency

B. Account type

How does NetSuite set up a company record when you buy from and sell to the same company?
A. Uses a single Company record to track the relationship
B. Uses unrelated Customer and Vendor records
C. Set one as “Parent of” the other
D. Uses "Other Relationships" to link

A. Uses a single Company record to track the relationship

Which two settings are needed for billable items to appear on the Customer Invoice? (Choose two)
A. Billable checkbox
B. Memo
C. Invoice Number
D. Customer

A. Billable checkbox
D. Customer

How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?
A. Use separate fiscal calendars
B. Use classes
C. Use multi-book accounting
D. Use subsidiaries

D. Use subsidiaries

Which two steps are recommended to track travel expenses by department? (Choose two)
A. Make department options
B. Use separate GL accounts for each department
C. Make department mandatory
D. Share GL accounts between departments

A. Make department options
C. Make department mandatory

What is the purpose of an elimination subsidiary?
A. Entering non-posting transactions
B. Posting non-auditable transactions
C. Offsetting expenses between departments
D. Offsetting intercompany transactions

D. Offsetting intercompany transactions

Match each classification with its common use:
A. Classes ||| Warehouses
B. Locations ||| Types of sales or product lines
C. Subsidiaries ||| Internal Teams
D. Departments ||| Company

A. Classes – Types of sales or product lines
B Locations – Warehouses
C. Subsidiaries – Company
D. Departments – Internal Teams

Which three steps are required to prevent someone from accessing some accounts but not others? (Choose three)
A. Assign a Currency to the account
B. Use the NetSuite default standard role
C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location

C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location

How does enabling Accounting features affect the chart of accounts?
A. Accounts must be renumbered
B. Statistical accounts must be used
C. Admin may need to create new accounts
D. New accounts are auto-created as needed

D. New accounts are auto-created as needed

Which account type is non-posting?
A. Statistical
B. Deferred Expense
C. Unbilled Receivable
D. Other Current Liability

A. Statistical

What is the order of steps for the NetSuite standard accounts receivable process?
A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
B. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
C. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
D. Bill Sales Order > Approve Sales Order > Fulfill Sales Order

A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order

What does the setting "Accept Payment at Top Level Customer" allow for?
A. Subcustomers cannot pay their own bills
B. Customers may pay the bills of Subcustomers
C. Subcustomers may pay the bills of their parent
D. Allows Refunds and Credits at parent level

B. Customers may pay the bills of Subcustomers

What is true about multi-currency Customers?
A. Customers may use an unlimited number of currencies
B. Customers can pay any invoice in any currency
C. Subcustomers must use parent’s currency
D. Customers are limited to their subsidiary's currency

A. Customers may use an unlimited number of currencies

Which two transactions containing inventory items will post to COGS? (Choose two)
A. Item Return
B. Item Fulfillment
C. Standalone invoices
D. Invoices created from Sales Orders

B. Item Fulfillment
C. Standalone invoices

Which statement is true about Accept Customer Payment?
A. Same GL impact as Cash Sales
B. A single payment can apply to multiple invoices
C. Same as Customer Deposit
D. Posts to Undeposited Funds by default

B. A single payment can apply to multiple invoices

Which statement is true about Customer Deposits?
A. They are recorded as a liability
B. Post to Accounts Receivable
C. Must be created from Sales Orders
D. Can be linked to unapproved Sales Orders

A. They are recorded as a liability

In which two places can Invoices be created based upon Billing Schedules? (Choose two)
A. Individually from the Sales Order
B. Individually from the Project record
C. In bulk from Approve Time screen
D. Billing queue under Bill Orders

A. Individually from the Sales Order
D. Billing queue under Bill Orders

Match each Billing Schedule type with how it is used:

A. Charge Based |||  Includes billing rates
B. Time and Material |||  Based on actual costs
C. Fixed Bid Milestone ||| Billing triggered as project tasks complete

A. Charge Based – Includes billing rates
B. Time and Material – Based on actual costs
C. Fixed Bid Milestone – Billing triggered as project tasks complete

Match each step in the standard accounts payable process with its step number:
A. Receive Item – 3
B. Bill Purchase Order – 4
C. Purchase Order Created – 2
D. Purchase Requisition Entered – 1

1. D. Purchase Requisition Entered

2. C. Purchase Order Created

3. A. Receive Item

4. B. Bill Purchase Order

Which statement is true about NetSuite Accounts Payable transactions?
A. Vendor Bills must be created from a PO
B. PO must have a preceding requisition
C. Bill Purchase Orders page allows bills from multiple vendors
D. Paying an unapproved bill still posts both transactions

C. Bill Purchase Orders page allows bills from multiple vendors

Which two account types can be used to Pay Vendor Bills? (Choose two)
A. Bank
B. Asset
C. Expense
D. Credit Card
E. Non-Posting

A. Bank
D. Credit Card

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

A. Accounts Payable
B. Undeposited Funds
C. Customer Deposits
D. Accounts Receivable

B. Undeposited Funds

How must a Bank Account be denominated when using the multi-currency feature?
A. It may be denominated in any one currency
B. It may be in multiple currencies
C. Must be in the subsidiary’s base currency
D. Must be in root subsidiary’s base currency

A. It may be denominated in any one currency

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

A. Post a Journal Entry
B. Use the New Charges subtab
C. Use the New Deposits subtab
D. Post a Write Check

C. Use the New Deposits subtab

What is true about approving Journal Entries?

A. They post to GL while pending
B. "Approve Journals" permission views all subsidiaries
C. Approving requires separate permission from creating
D. Posting period = creation date, not approval date

C. Approving requires separate permission from creating

What is a characteristic of importing journal entries?

A. Line limit = 1,000
B. Line limit = 10,000
C. Only imported via web services
D. Unbalanced journals auto-reject

B. Line limit = 10,000
D. Unbalanced journals auto-reject

Match each journal entry function with its timing:

A. Remind Me |||  Delays creation
B. Defer Entry |||  Allows GL posting
C. Approve Journal Entry |||  Allows review before creation

A. Remind Me – Allows review before creation
B. Defer Entry – Delays creation
C. Approve Journal Entry – Allows GL posting

Which statement is true about the Memorized Transactions feature?
A. “Remind Me” allows manual review before posting
B. “Update Prices” enables review before posting
C. “Number Remaining” = items left to ship/bill
D. “Remind Forever” sends invoice notice to customer

A. “Remind Me” allows manual review before posting

Which statement is true about Local vs. Global budgets?
A. Local budgets can use parent or child currency
B. Global budgets can use parent or child currency
C. Budgets auto-convert in reports to viewing currency
D. Only one type (Local or Global) should be used

C. Budgets auto-convert in reports to viewing currency

Which two statements are true about budgets in NetSuite? (Choose two)
A. Budgets can use statistical accounts
B. “Enforce” setting prevents overspending
C. Global budgets fluctuate in root parent currency
D. Local budgets fluctuate when consolidated

A. Budgets can use statistical accounts
D. Local budgets fluctuate when consolidated

Which statement is true about setting up NetSuite budgets?
A. Copying budgets not recommended
B. Budgets can be imported via CSV
C. Budgets must be created manually
D. Only one budget per parameter allowed

B. Budgets can be imported via CSV

What are two differences between fixed and dynamic allocation schedules? (Choose two)
A. Fixed requires zeroing out the source
B. Dynamic requires zeroing out the source
C. Dynamic must use statistical accounts
D. Fixed must use variable weighting

B. Dynamic requires zeroing out the source
C. Dynamic must use statistical accounts

How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?
A. Use custom segments
B. Use a statistical account
C. Click Update Sample Weights
D. Use predefined weighting

B. Use a statistical account

Which row type in a Financial Report allows display of the same unmodified data from another row?
A. Text Row
B. Echo Row
C. Formula Row
D. Reference Row

D. Reference Row

Which statement is true about the Period Close Checklist?
A. Required for Year-End Close
B. Tasks may be completed in any order
C. Customer-specific steps can be added
D. Tasks depend on features enabled

D. Tasks depend on features enabled

What is true about multi-currency Customers?
A. Customers may use an unlimited number of currencies
B. Can pay any invoice in any currency
C. Subcustomers must match parent’s currency
D. Currency is limited to subsidiary's base

A. Customers may use an unlimited number of currencies

What does the setting "Accept Payment at Top Level Customer" allow for?

A. Subcustomers cannot pay their own bills
B. Customers may pay the bills of Subcustomers
C. Subcustomers may pay bills of the parent
D. Refunds and credits are allowed at parent level

B. Customers may pay the bills of Subcustomers

What is the order of steps for the NetSuite standard accounts receivable process?
A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order
B. Approve Sales Order > Bill Sales Order > Fulfill Sales Order
C. Fulfill Sales Order > Approve Sales Order > Bill Sales Order
D. Bill Sales Order > Approve Sales Order > Fulfill Sales Order

A. Approve Sales Order > Fulfill Sales Order > Bill Sales Order

What is the significance of the Account Type for any given account?

A. It affects the subsidiary assignment
B. It determines the exchange rate on posted transactions
C. It determines the default section in financial statements
D. It controls access by users

C. It determines the default section in financial statements

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

A. Customers
B. Items
C. Transactions
D. Employees

B. Items
C. Transactions
D. Employees

What is an example of a subsidiary?
A. The direct sales division
B. A clearing account
C. A warehouse
D. A wholly owned company

D. A wholly owned company

How does enabling accounting features affect the chart of accounts?

A. Accounts must be renumbered
B. Statistical accounts should be used for correct posting
C. The Administrator may need to create new accounts to use new features
D. New accounts are automatically added to the chart of accounts when needed

D. New accounts are automatically added to the chart of accounts when needed

Which three steps are required to prevent someone from accessing some accounts but not others?

A. Assign a Currency to the account
B. Use the NetSuite default standard role
C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location

C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location

What is the purpose of an elimination subsidiary?
A. Entering non-posting transactions
B. Posting non-auditable transactions
C. Offsetting expenses between departments
D. Offsetting intercompany transactions

D. Offsetting intercompany transactions

How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?

A. Use custom segments
B. Use a statistical account
C. Click the Update Sample Weights button
D. Predefine the weighting when setting up the schedule

B. Use a statistical account

When Vendor credits auto-apply, which vendor bills are they applied to?
A. The vendor bills with a matching balance
B. The oldest vendor bills
C. The newest vendor bills
D. The vendor bills with the smallest balance

B. The oldest vendor bills

60. Where can invoices that have already been generated be seen from the sales order screen?

A. Next to each line item
B. Click the bill remaining button
C. Under the billing tab, on the billing schedule
D. Under related records

D. Under related records

Which statement is true about budgets in NetSuite?
A. Budgets must be entered manually
B. Budgets can only be created for income and expense accounts
C. Budgets hold setting for expenses will prevent overspending
D. Multiple budgets can be created for the same year and criteria

D. Multiple budgets can be created for the same year and criteria

Which statement is true about inter-company journal entries?
A. Minimum of four lines
B. Used to log intercompany eliminations
C. Balance within each subsidiary, they need not balance between subsidiaries
D. Maximum of six lines

A. Minimum of four lines

What are two considerations for managing multiple fiscal calendars? (Choose two)

A. A fiscal calendar can be used by multiple subsidiaries
B. Periods are created separately for each fiscal calendar
C. Periods are shared across fiscal calendars
D. A subsidiary can have multiple fiscal calendars without multi-book

A. A fiscal calendar can be used by multiple subsidiaries
B. Periods are created separately for each fiscal calendar

Which is recommended for setting up new accounting periods?
A. Use one-day year-end adjustment period for closing entries
B. Create accounting periods one at a time to avoid multiple open periods
C. Use setup full year to generate all periods at once
D. Set up new year and new quarter at the beginning of the fiscal year

C. Use setup full year to generate all periods at once

On which financial statements are invoices summarized?

A. Income statement
B. Balance sheet
C. Accounts payable aging
D. General ledger

B. Balance sheet

What two transactions cause a Bill Variance journal entry to be posted? (Choose two)

A. Item receipt
B. Purchase order
C. Bill payment
D. Purchase requisition
E. Vendor bill

A. Item receipt
E. Vendor bill

Which two boxes must be used to reverse the journal entry next month? (Choose two)

A. Defer entry
B. Memo
C. Pending approval
D. Reversal date
E. Do not post until

D. Reversal date
E. Do not post until

Bank accounts interact with subsidiaries?
A. Can be linked with no limit to multiple subsidiaries
B. Can be linked with any number of subsidiaries in parent: child
C. Can be linked up to 2 subsidiaries
D. Must be linked with 1 subsidiary

D. Must be linked with 1 subsidiary

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

A. Date of Account Created
B. Department
C. Account Balance
D. Name of Account

B. Department
D. Name of Account

What account is used when you want to accumulate all customer payments to make a consolidated deposit at the end of a given day?

A. Undeposited Funds
B. Accounts Receivable
C. Cash Account
D. Customer Deposit Account

A. Undeposited Funds

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

A. Text Row
B. Echo Row
C. Formula Row
D. Reference Row

D. Reference Row

What is a characteristic of Intercompany Journal Entries?

A. An elimination subsidiary must be one of the included subsidiaries
B. They require a minimum of 2 lines
C. If they are unbalanced between subsidiaries, they must balance within each subsidiary
D. The exchange rate can be set manually

D. The exchange rate can be set manually

Which setting requires separate review of sales orders?

A. Pending approval status
B. Pending fulfillment status
C. Credit Limit
D. Pending Billing status

A. Pending approval status

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?
A. Action: Reminder
B. Override Transaction Date
C. Action: Automatic
D. Indefinite
E. Number Remaining

A. Action: Reminder
D. Indefinite

Which two options are possible to set in NetSuite? (Choose two)

A. Prevent fulfillment of a Sales Order for Customers over their Credit Limit
B. Allow Estimates for customers over their Credit Limit but show a warning
C. Prevent Sales Orders being entered for Customers over their credit limit
D. Allow Sales orders for customers over their credit limit, but show a warning

A. Prevent fulfillment of a Sales Order for Customers over their Credit Limit
D. Allow Sales orders for customers over their credit limit, but show a warning

Which setting is true about expense allocations?

A. Allocation schedules can only be set to a frequency of once per month
B. Allocation JEs must zero out the source expense account
C. Allocation schedules can be assigned to any expense account
D. Allocation schedules are assigned to specific purchase transactions

C. Allocation schedules can be assigned to any expense account

Which two accounts have dedicated reconciliation pages in NetSuite? (Choose two)

A. Bank
B. Fixed Asset
C. Credit Card
D. Sales Tax Liability

A. Bank
C. Credit Card

Which statement is true about billing a purchase order in NetSuite?

A. All bills must be created from a PO
B. Standalone bills containing inventory line items have no inventory account impact
C. Only approved vendor bills post to the general ledger
D. Vendor bills post to the general ledger, whether approved or not

D. Vendor bills post to the general ledger, whether approved or not

What are two considerations for managing multiple fiscal calendars? (Choose two)

A. Periods are created separately for each fiscal calendar
B. A subsidiary can have multiple fiscal calendars without multi-book
C. A fiscal calendar can be used by multiple subsidiaries
D. Periods are shared across fiscal calendars

A. Periods are created separately for each fiscal calendar
C. A fiscal calendar can be used by multiple subsidiaries

What are two differences between fixed and dynamic allocation schedules? (Choose two)

A. Fixed allocation requires zeroing out the source account
B. Dynamic allocation requires zeroing out the source account
C. Dynamic allocation schedules must use statistical accounts
D. Fixed allocation schedules must have predefined weighting that does not change

C. Dynamic allocation schedules must use statistical accounts
D. Fixed allocation schedules must have predefined weighting that does not change

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

A. Customers
B. Items
C. Transactions
D. Employees

B. Items
C. Transactions
D. Employees

What is an example of a subsidiary?

A. The direct sales division
B. A clearing account
C. A warehouse
D. A wholly owned company

D. A wholly owned company

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

A. Date of Account Created
B. Department
C. Account Balance
D. Name of Account

B. Department
D. Name of Account

Which two statements are true about setting up the intercompany expense allocation? (Choose two)

A. The source may be multiple subsidiaries
B. The target may be multiple subsidiaries
C. The source must be one subsidiary
D. The target can only be one subsidiary

B. The target may be multiple subsidiaries
C. The source must be one subsidiary

Which statement is true about budgets in NetSuite?
A. Budgets must be entered manually
B. Budgets can only be created for income and expense accounts
C. Budgets hold setting for expenses will prevent overspending
D. Multiple budgets can be created for the same year and criteria

D. Multiple budgets can be created for the same year and criteria

Which statement is true about billing a purchase order in NetSuite?

A. All bills must be created from a PO
B. Standalone bills with inventory line items have no impact
C. Only approved vendor bills post to the general ledger
D. Vendor bills post to the GL whether approved or not

D. Vendor bills post to the GL whether approved or not

What is the correct order of steps for the standard accounts payable process?

Purchase Order > Receive Item > Bill PO > Pay Vendor

Purchase Order > Receive Item > Bill PO > Pay Vendor

Which statement is true about Vendors and multiple currencies?

A. A Vendor Bill must be created in the same currency as the Purchase Order
B. Vendors assigned to only one subsidiary can use only one currency
C. Vendors assigned to more than one subsidiary must use multiple currencies
D. The currency on the purchase order can be changed until a vendor bill is created

A. A Vendor Bill must be created in the same currency as the Purchase Order

Which statement is true about setting up NetSuite budgets?

A. Copying budgets is not recommended
B. Budgets can be imported into NetSuite using CSV
C. Budgets must be created manually
D. Budgets can be created for multiple criteria, but only one per parameter

B. Budgets can be imported into NetSuite using CSV

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

A. Item Return
B. Item Fulfillment
C. Standalone invoices
D. Invoices created from Sales Orders

B. Item Fulfillment
C. Standalone invoices

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

A. Billable Checkbox
B. Memo
C. Customer
D. Invoice Number

A. Billable Checkbox
C. Customer

Which setting requires separate review of sales orders?

A. Pending approval status
B. Pending fulfillment status
C. Credit Limit
D. Pending Billing status

A. Pending approval status

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?

A. Action: Reminder
B. Override Transaction Date
C. Action: Automatic
D. Indefinite
E. Number Remaining

A. Action: Reminder
D. Indefinite

Which two options are possible to set in NetSuite? (Choose two.)

A. Prevent fulfillment of a Sales Order for Customers over their Credit Limit
B. Allow Estimates/Quote for customers over their Credit Limit but show a warning
C. Prevent Sales Orders being entered for Customers over their credit limit
D. Allow Sales Orders for customers over their credit limit, but show a warning

A. Prevent fulfillment of a Sales Order for Customers over their Credit Limit
D. Allow Sales Orders for customers over their credit limit, but show a warning

Which setting is true about expense allocations?
A. Allocation schedules can only be set to a frequency of once per month
B. Allocation JEs must zero out the source expense account
C. Allocation schedules can be assigned to any expense account
D. Allocation schedules are assigned to specific purchase transactions

C. Allocation schedules can be assigned to any expense account

Which two accounts have dedicated reconciliation pages in NetSuite? (Choose two)

A. Bank
B. Fixed Asset
C. Credit Card
D. Sales Tax Liability

A. Bank
C. Credit Card

What is a characteristic of Intercompany Journal Entries?

A. An elimination subsidiary must be one of the included subsidiaries
B. They require a minimum of 2 lines
C. If they are unbalanced between subsidiaries, they must balance within each subsidiary
D. The exchange rate can be set manually

D. The exchange rate can be set manually

Which statement is true about Local versus Global budgets?

A. Local budgets can be entered in the currency of the parent or child subsidiary
B. Global budgets can be entered in the currency of the parent or child subsidiary
C. Budgets are automatically converted in reports to show in the currency context being viewed
D. It is recommended to use either Global or Local budgets, not both

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

Which three statements are true about using Parent Accounts in NetSuite? (Choose Three)

A. Checking the Summary box allows the posting of reversing journal entries to this account
B. Child accounts are created by setting the 'Subaccount of' field
C. Checking the Summary box prevents posting activity to the account
D. Parent accounts are created by setting the 'Parent of' field
E. Parent accounts can be posting or non-posting

B. Child accounts are created by setting the 'Subaccount of' field
C. Checking the Summary box prevents posting activity to the account
E. Parent accounts can be posting or non-posting

100. Which three steps are required to prevent someone from accessing some accounts but not others?

A. Assign a Currency to the account
B. Use the NetSuite default standard role
C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location

C. Customize the role to restrict access by segment
D. Designate Department | Class | Location on the account
E. Tag the Employee record to Department | Class | Location