Knowledge Checks Flashcards
What must be added first to organize data on a form.
A. Fields
B. Lists
C. Subtabs
C. Subtabs
Use a _________ to control how information is entered and viewed
Answer: Custom Form
What can you use if a record cannot be imported though .csv imports?
Answer: Web Services
How should you want to configure duplicate detection on email differently for companies than individuals?
Company duplicate detection for emails should use domain only instead of full email
How should you revise multiple records using criteria and at one go?
A. Mass Update
B. .csv update import
C. Inline editing on a search
A. Mass Update
What are two options for entering serialized inventory into NetSuite?
Answer: (1) manual entry with serial numbers (space, comma or line breaks) that match the inventory count
OR
2. Using the barcode feature
non-inventory items are available for sales, resale and ______ ?
Answer: Purchase
What are dunning letters?
A. A method of reconciling inventory
B. A method of marketing to customers
C. A method of tracking and communicating about overdue invoices
D. A systematic feature for sending customers letters about credit issues
C. A method of tracking and communicating about overdue invoices
\_\_\_ Bill \_\_\_ Vendor Credit \_\_\_ Vendor Payments to be printed \_\_\_ BIll Purchase Order \_\_\_ A/P Aging Summary
A. Listing all unpaid bills in accounts payable
B. Transaction entered to record a payable that does nto have a purchase order, such as a charge of utilities
C. You want to put payable into a print queue
D. Credit from a vendor that can be applied to our payable account
E. Invoice received from vendor and convert PO to a payable
B D C E A
A ______ decrease the amount the customer owes
credit memo
We received a partial quantity of po line item, the vendor will never ship the remaining qty. How should I hand the PO and billing the PO?
A. Bill for what you have received, then close the PO
B. Close the PO
C. Bill the PO only
D. Delete the itemson the PO that will not be shipped
A
How can I maintain more control over the vendor bills and the payment of those bills?
A.Use Purchase Order Approval Settings
B. Remove access to Vendor Bills
C. Review setup > accounting > accounting preferences > order management subtab and the bill and po approval settings
D. Use purchase orders
C
Note: In the Default Supplier Bill Status field, select one of the following:
Approved – Bills default to an Approved status. No further review or processing is required.
Pending Approval – Bills default to a Pending Approval status. Someone with permission must approve the bill before a payment can be processed for it.
I need to start closing accounting periods. What do I do?
A. Go to lists > accounting, accounts and inactivate accounts
B. Go to the manage account periods page and click on the checklist
C. Post all open journals
D Go to setup > Accounting > Accounting preferences
B
Manage Accounting Periods Page
The Manage Accounting Periods page is a list of all of the accounting periods set up in your account, and rolled up in the accounting period hierarchy to which they belong. Use this page to set up, view, and edit periods. You can also access the Period Close Checklist to lock, unlock, and close accounting periods. To see this page, go to Setup > Accounting > Manage G/L > Manage Accounting Periods (Administrator).
Note This page is available if you have the View level or higher of the Manage Accounting Periods permission. You must have at least the Edit level of this permission to set up or edit accounting periods.
If your user role has the Period Closing Management permission and the Allow Quick Close of Accounting Periods preference is enabled, you can close one or more accounting periods with a single click. For more information, see Using Quick Close to Close Periods.
If you use Multi-Book Accounting, you can individually close and reopen accounting periods associated with any accounting book, without impacting your other accounting books. You choose the accounting book for which you want to close a period through the Filters section at the top of this page. The accounting books available for selection depend upon your user role and associated permissions. For more information about the Extended Accounting Period Close Process feature, see Accounting Book Period Close Management.
.
Sales rules and territories are related. If so, how are they related?
A. True. Rules are assigned to territories
B. False. Rules are for Sales Reps to process transaction and territories for sales teams
C. True. Sales Rules ensures that transactions are assigned to the correct territories
D. False. Territories and Rules have absolutely no relationship at al
A
Note:
C is wrong because leads, prospects and customers are the focus of sales rules not Transactions
You can update the underlying data from the report
A) True
B) False
B) False. You have to drill down into the information to get to the actual transaction to update the information.
Using the name (Grouped) exposes any underlying hierarchy
A) True
B) False
A) True. The name (grouped) field exposes any underlying hiearchy
Use the Full Name is the best way to get grouping and subtotaling.
A) True
B) False
B) False. Fullname has the “Parent:Child” relationship but it does not have the hierachy so it lacks the flexibility that name (grouped) could give you.
Report customization is easy, jump right into it
A) True
B) False
B) False
Which of the following defines the accounts that display in a row on a financial statement
A. Report
B. Section
C. Footer
B. Section
Reference rows (which can display a value from a section or row from another report) cannot be used on the following:
A. Cash Flow
B. Income Statement
C. Balance Sheet
B. Income Statement
Header and Summary rows can contain sections.
A. True
B. False
A. True
A. Allows for a section total to display in another report (income in equity)
B. Black space or description notes
C. Not available for financial statements
D. Accounts grouped by user criteria
E. Link financial sections, formula rows and text rows together
F. Combine 2 or more rows/sections using mathematical Functions
_ Summary Row _Financial Section _Formual Row _Reference Row _Web Query _Text Row
D_Summary Row (Accounts grouped by user criteria)
A_Financial Section (Allows for a section total to display in another report (income in equity)
F_Formual Row (Combine 2 or more rows/sections using mathematical Functions)
E_Reference Row (Link financial sections, formula rows and text rows together)
C_Web Query (Not available for financial statements)
B_Text Row (Black space or description notes)
How can you modify the name of multiple report layouts at the same time?
From reports > financial > reports > layouts > financial row layouts. Turn on “Edit” for inline edits.
Layouts cannot be shared across financial statement
A. False, in the sense that a layout created for a balance sheet with another balance sheet
B. True, in the sense that you cannot create a layout for a balance sheet then apply to income statements.
C. Both A and B
C. Both A and B