Netsuite financial user - Study guides, Class notes & Summaries

Netsuite Financial User Practice Exam Questions And Answers 13) Which transaction requires a credit memo before a refund? Invoice 14) In which two places can Invoices be created based upon Billing Schedules? (Choose two.) Individually from the Sales Order The billing queue under Bill Orders Match each Billing Schedule type with how it is used A. ___ Charged Based B. ___ Time and Material C. ___ Fixed Bid Milestone 1. Based on actual costs 2. Billing triggered as tasks in projects ar...

NetSuite Financial User Certification Exam Questions and Answers Rated A+ Subsidiary - ANSWER ️️ separate legal entity 125 - ANSWER ️️ max number of subs (new) elimination subsidiary - ANSWER ️️ where you balance out consolidation Yes - ANSWER ️️ Can different subsidiaries have different fiscal calendars? No - ANSWER ️️ Can subsidiaries be deleted after they have been created Department - ANSWER ️️ Usually assigned to teams 50 - ANSWER ️️ max # of locations al...

Total number of subsidiaries in OneWorld Correct Answer 124 subsidiaries in addition to the root for 125 total Elimination Subsidiary Correct Answer -Sales between subsidiaries, Inventory transfers between subsidiaries, Loans between subsidiaries -Doesn't count towards subsidiary count -Cannot be a parent subsidiary -Only for journal entries, not for other transactions What should you do before creating subsidiaries? Correct Answer -Plan organization structure -Build in Sandbox accoun...

Total number of subsidiaries in OneWorld : 124 subsidiaries in addition to the root for 125 total Elimination Subsidiary : -Sales between subsidiaries, Inventory transfers between subsidiaries, Loans between subsidiaries -Doesn't count towards subsidiary count -Cannot be a parent subsidiary -Only for journal entries, not for other transactions What should you do before creating subsidiaries? : -Plan organization structure -Build in Sandbox account then in Production account (subsidia...

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NetSuite Financial User Study Guide Questions and answers, 100% Accurate. VERIFIED. Total number of subsidiaries in OneWorld - -124 subsidiaries in addition to the root for 125 total Elimination Subsidiary - --Sales between subsidiaries, Inventory transfers between subsidiaries, Loans between subsidiaries -Doesn't count towards subsidiary count -Cannot be a parent subsidiary -Only for journal entries, not for other transactions What should you do before creating subsidiaries? - ...

NetSuite Financial User Study Guide latest updated

Subsidiary - Answer-separate legal entity 125 - Answer-max number of subs (new) elimination subsidiary - Answer-where you balance out consolidation Yes - Answer-Can different subsidiaries have different fiscal calendars? No - Answer-Can subsidiaries be deleted after they have been created Department - Answer-Usually assigned to teams 50 - Answer-max # of locations allowed 3 types of financial statements - Answer-Balance Sheet, Income Statement, Statement of Cash Flows Account Type - Answ...

NetSuite Financial User Certification Exam Questions and Answers 2023

Subsidiary - Answer separate legal entity Elimination subsidiary - Answer Nets out income/expense entries between subs; keeps the books accurate (only JE's, no transactions) Number of total subsidiaries? (max) - Answer 75 (elimination does not count) How do subsidiaries act in consolidated reports? - Answer They roll up to the parent Subsidiary Best Practice - Answer Diagram and hierarchy of the parent-child relationships before actually creating them. Always build in sand...