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

child accounts are created by setting the subaccount of field

checking the summary box allows the posting of reversing journal entries to this account

parent accounts can be posting or not posting

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

checking the summary box on the account record prevents anyone from posting activity to the account

Statistical Account-*Statistical accounts are non-monetary accounts that can be used to maintain statistical information for a variety of metrics. For example, a statistical account could be established to maintain the employee headcount by the department in an organization.

Deferred Expense

Unbilled Receivable

Other Current Liability

Static division of rent based on location

Division of recruiting based on headcount

Predefined split of marketing costs among sales channels

Even 50/50 split of receptionist salary based on department

Post a Journal Entry

Use the New Charges subtab

Use the New Deposits subtab

Post a Write Check transaction

Pending approval status

Pending fulfillment status

Credit Limit

Pending Billing status