Exam (elaborations)
NetSuite SuiteFoundation Exam
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NetSuite SuiteFoundation Exam
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NetSuite SuiteFoundation Exam 1- Solved2 Vendor Payment Methods - ANS-ACH and Electronic payments
3 Types of Customer Payments: - ANS-EFT (electronic funds transfer), Paypal on web
store, Credit Card processing
4 types of records - ANS-1. entity
2. transactions
3. CRM
4. Item
A Sales order is a - ANS-commitment to sell items or service
Accounts Receivable does what? - ANS-Tracks unpaid goods and services
ACH (what is it, and it is the only way to do what?) - ANS-Automated Clearing House
(process transactions through ACH network for EFT) The only way to pay vendors in
NS.
Assembly Item (2 things) - ANS-1. Lot numbered or serialized
2. item where you have other items that need to be assembled
Before customizing something, always distinguish... - ANS-What type of record is it?
Case - ANS-Interaction between a customer and NS support
Classes - ANS-used for wider categorization within the business unit
Classification - ANS-used measure your business and track records
Controlling employee access (3 options) - ANS-1. IP restrictions
2. Limit admin access
3. remove employee before term
Create (What does this permission allow you to do? 2 things) - ANS-1. View existing
records and create new ones
2. You can read and create records, but you cannot edit or modify records
CRM - ANS-activities with customers
Drop Ship Items are sent - ANS-directly from vendor to customer
Edit (what does this permission allow you to do? (2 things) - ANS-1. View, create, and
modify records
2. you can do everything to a record except delete them
, EFT - ANS-Electronic Funds Transfer (transfer directly from bank account)
Entity - ANS-people or organizations you do business with
Forms - ANS-used to enter, view, modify data in NS
Full Access (what can you do with this permission?) - ANS-Everything, include delete
How are tax periods set up? - ANS-Setup > accounting > manage tax periods
How do you enforce sales order approval? - ANS-You can set default order status to
pending approval
How do you navigate to delete all data? - ANS-setup > company > delete all data
How do you set up an employee as a sales person? - ANS-Use the check box on the
employee record.
How does NetSuite provide tax functionality? - ANS-Using the NS Edition and advanced
taxes feature (in a Oneworld account advanced taxes are enabled and cannot be turned
off)
How many password attempts before being logged out? - ANS-6
How to set up nexus (2 steps) - ANS-1. Set up advanced taxes
2. Determined by customer choice
Identify the general functionality that can be controlled under enable features. - ANS-
You can turn features on and off
Inventory Items - ANS-Usually for sale (lot number or serialized)
Invoices do what? - ANS-Record a sale and payment not received at the time of
delivery (to the customer)
Issue - ANS-a default or enhancement related to product
Item - ANS-Goods and services you buy and sell
Joins in results (what do they do and how do they work?) - ANS-Joined fields give
access to data stored in different tables. They connect, or join tables by means of
values common between tables
Kit/package (2 facts) - ANS-1. gives you the ability to create items that are collected
from other items (and display as a single item)
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