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

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1NetSuite ERP Consultant Exam Latest2023-2024 Exam 200+Questions AndVerifiedAnswers|AlreadygradedAIf a $15 shipping charge is added to a sales order for 3 items, and 1 of those isfulfilled/billed first and the remaining 2 items are fulfilled/billed later, how muchof the shipping charge shows up on each bill? ($5/10, $15/0, or $0/15)-ANSWER-It will only charge for the amount shipped. Thus-$5 for the first itemand $10 for the next two.Shipping item limited to 1 subsidiary (e.g. if UPS is a shipping item, createmultiple versions for each sub)-ANSWER-Can create multiple shipping items forthe same service to allow for using a carrier across multiple subsWhat 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, WarehouseLocation, Bins, Items, etc.)-ANSWER-GL Accounts, Tax Nexuses, Vendors,Customers, Warehouse Location, Bins, ItemsWhat is the email hierarchy for saved searches?-ANSWER-1. Specific Recipients2.'Recipients from results' tab sends emails to specific recipients baed on searchfilters3.Targeting recipients based on search filters (alternate)Fixed Asset record-ANSWER-1. Include in Reports checkbox to include assettype in Asset Summary Report-all assets are included in the report by default 2.You can set asset depreciation parameters on the asset recordIf '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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2Why would a custom field that has been added to a custom form but doesn't showup on the mapping screen?-ANSWER-Make sure the custom form is selected inadvanced CSV settingsWhat are the differences between inventory adjustment, inventory worksheet, andthe various input methods?-ANSWER-1. Inventory Adjustment-Manual & WebServices-Inclusive of previous stock count, maintains LIFO & FIFO costing2. Inventory Worksheet-Manual & CSV Import-Resets the inventory count to the amount entered on the worksheetBest practice to edit transactions in a closed period?-ANSWER-Give user adminrole-re-open the closed period and close it again after the edits are madeWhere can the foreign exchange rate be configured to the historical exchange rate?-ANSWER-SubsidiaryConditions for accepting consolidated payments for child customers?-ANSWER-Must be same currency & same subsidiaryOn which record do you enter tracking number, if you are NOT using a shippingintegration?-ANSWER-Item fulfillment recordWhat happens when there is a credit card on a sales order?-ANSWER-1Authorize2. Charge/capture (upon fulfillment)Customer center vs. Account center-ANSWER-1. Customer center-a role,accessible from netsuite.com2. My Account-only available from the eCommerce siteReview the SQL functions-ANSWER-1. CASE-Returns values based ondifferent conditions2. DECODE-Compares each expression to each search value 1 by 1-IFexpression = x, result is returned, IF not, default is returned3. ISNULL-Replaces Null with another value.

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34. NULLIF-If two expressions are equal, then null is returnedWhich edition doesn't calculate tax out of the box?-ANSWER-United StatesWhich field type to use for which scenario?1.Hidden2.Normal3.Inline4.Disabled-ANSWER-1. Hidden-field cannot be seen on the record ortransaction2.Normal-field can be edited3.Inline-used for informational purposes-cannot be edited4.Disabled-field cannot be editedHow to delete data in bulk?-ANSWER-1. Inline2.Suitescript3.Delete all data4.CSV importHow to restrict a role to a custom form?-ANSWER-1. Hide or disable customform 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 access to new custom forms3.Use the restricted checkbox under Customize Role > Forms-this is the bestmethod4.On the custom form, mark preferred for the user's role-user can still accessother formsWhat causes posting to COGS?-ANSWER-1. Standalone invoice2. Item fulfillmentHow to prevent returned items from being added back into inventory?-ANSWER-1. Clear re-stock option on item record2. Enter write-off account on item return recordHow to view records without NS login?-ANSWER-File cabinet-'Make all Filesavailable without Login'

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4Which transaction records are posting?-ANSWER-1. Invoice2.Vendor Bill3.Cash SaleWhich account types can only be linked with a single subsidiary?-ANSWER-Bank accounts & credit cardsKPI Scorecard vs. KPIs vs. KPI Meter-ANSWER-1. KPI-critical biz metrics,individual line within a portlet2.KPI Scorecard-compares multiple KPIs over multiple date ranges + accountingperiods3.KPI meter-displays the KPI in a semi-circular meter with date rangesHow to enable multiple addresses for one order?-ANSWER-1. Enable multipleshipping routes & line item shippingWhy use global permissions?-ANSWER-Global permissions apply to all of auser's roles & and supersedes permissions set on roleCan SuiteFlow trigger SuiteScript-ANSWER-YesWhat are the credit card hold settings?-ANSWER-1. Ignore-doesn't matter ifcustomer has met or exceeded their credit limit2.Warn Only-Generates a warning when transaction is entered that puts acustomer at or above the limit3.Enforce holds-blocks entry of transaction for a customer at or above thelimit 4.Days overdue for warning/hold-# of days overdue to generate warning orenforce holdRevenue recognition options-ANSWER-1. Revenue commitment-allows rev recbefore billing2.Rev rec schedule-shows list of revenue recognition journal entries to begenerated3.Rev rec template-Allows for definition of % of revenue to be recognized upfront4.VSOE-recognizes products that are sold as a bundle, price is the FMV thatis recognized, not the invoice amount

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5What are the various inventory statuses in NetSuite?-ANSWER-1. In-transit-notcounted as stock or as an asset2. Quantity on-hand-currently stocked + committed to orders3. Quantity available-currently stocked-committed to ordersWhat item types to use on a custom gift basket that includes a perishable?-ANSWER-1. Lot numbered inventory2. Lot assemblyNetSuite support is needed to:-ANSWER-1. COGS recalc2. Disable multi-location inventory3. Bulk transaction delete4. View unencrypted CC number permissionVOID TRANSACTIONS USING REVERSING JOURNALS-ANSWER-Displays a VOID button on the transaction and creates a Reversing Journal entryConsolidated Payments functionality-ANSWER-1. A/R aging report shows theunconsolidated balance for each subcustomer2. Accept payment from subcustomer or at the parent level3. Customers and subcustomer can have different primary currenciesWhich 3 requirements can be addressed using standard NS functionality inAccounting Preferences?-ANSWER-1. Automatically Email Drop Ship PO's, 2.Send Order Fulfilled Confirmation Emails, 3. Send Email Confirmation when SOis cancelled.A company has 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 thesystem to show the class field at the line level of transactions. What 2 configs arerequired?-ANSWER-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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