Pass the NetSuite Financial User Certification NetSuite-Financial-User Questions and answers with CertsForce

use one-day year end adjustment period for year-end closing journal entries to retained earnings

create accounting period one at a time to avoid multiple open periods

Use set-up full year to generate all periods at once for full year

set up new year and new quarter at the beginning of the fiscal year

static division of rent-based location

predefined split of marketing costs among sales channels

even 50/50 split of receptionist salary based on department

Division of recruiting based upon headcount

use separate fiscal calendars

use classes

use the multi-book accounting feature

use subsidiaries

Minimum of four lines

used to log intercompany eliminations

balance within each subsidiary, they need not balance between subsidiaries

maximum of six lines

The target must be one account

The source must be one account.

The target can be multiple accounts

The source can be multiple accounts

Next to each line item

Click the bill remaining button

Under the billing tab, on the billing schedule

Under related records

Checking the Summary box allows the posting of reversing journal entries to this account.

Child accounts are created by setting the "Subaccount of" field

Checking the Summary box on the account record prevents anyone from posting activity to the account

Parent accounts are created by setting the "Parent of" field

Parent accounts can be posting or non-posting.

Child accounts are created by setting the "Subaccount of" field

Vendor Bills must be created from a Purchase Order.

Purchase Orders must have a preceding Purchase Requisition.

Bill Purchase Orders page will allow you to generate bills from multiple vendors at once.

Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.

The vendor bills with a matching balance

The oldest vendor bills

The newest vendor bills

The vendor bills with the smallest balance

Item receipt

purchase order

bill payment

purchase requisition

Vendor bill