ERP-Consultant exam

Which statement is true when configuring the default Vendor Prepayment Account?
A . The Vendor Prepayment Account set at the subsidiary level takes precedence over the Vendor Prepayment Account set at the company level.
B . The Vendor Prepayment Account set at the company level takes precedence over the Vendor Prepayment Account set at the subsidiary level.
C . The Vendor Prepayment Account set at the subsidiary level takes precedence over the Vendor Prepayment Account set at the vendor level.
D . The Vendor Prepayment Account set at the vendor level takes precedence over the Vendor Prepayment Account set at the subsidiary level.

View Answer

Answer: A

Explanation:

Reference: https://jcurvesolutions1.zendesk.com/hc/en-us/articles/900000858546–Setting-Up-Vendor-Prepayments

If the Allow Cross-Subsidiary Record viewing feature is checked on a role, which statement is true for users logged in with this role?
A . Users can transact in other subsidiaries.
B . Users can update addresses on Customer records from other subsidiaries.
C . Users can check prices on Sales Orders from other subsidiaries.
D . Users can submit expenses against customers in other subsidiaries.

View Answer

Answer: C

Explanation:

Reference: https://appwrap.tech/netsuite-access-considerations/

One item on a Return Authorization is damaged and will not be added back into Inventory.

Which Accounting Preference needs to be enabled to process the Return Authorization?
A . Write-Off Account for Returns
B . Enforce Minimum Quantity on Return Authorizations
C . Credit in Advance of Vendor Return
D . Allow Overage on Item Receipts

View Answer

Answer: B

If a NetSuite Administrator creates a saved search in a Sandbox account, which tool should the Administrator use to copy the search into a Production account?
A . Configuration Bundle
B . SuiteTalk
C . CSV Import
D . Customization Bundle

View Answer

Answer: C

Explanation:

Reference: https://www.netsuite.com.au/portal/assets/pdf/ds-netsuite-sandbox-accounts.pdf

Which accounting impacts result from building an assembly? (Choose two.)
A . Increase Asset accounts of the Assembly item’s components
B . Decrease Asset accounts of the Assembly item’s components
C . Decrease Cost of Goods Sold account of the Assembly Item
D . Increase Cost of Goods Sold accounts of the Assembly item’s components
E . Increase Asset account of the Assembly Item

View Answer

Answer: C,E

Which three actions are supported using assembly functionality?
A . including service items as a component in the assembly
B . including components that are serialized or lot-numbered items
C . tracking replacement of one component with another similar component
D . tracking variation in the quantities of components from one batch of assemblies to the next

View Answer

Answer: A,B,D

What feature enables a user to create Billing Schedules in order to invoice sales over a time period or contract term?
A . Advanced Billing
B . Billing Operations
C . Billing Accounts
D . Charge-Based Billing

View Answer

Answer: D

Explanation:

Reference: https://www.netsuite.com/help/helpcenter/en_US/srbrowser/Browser2018_1/script/record/bi llingschedule.html

A company is using the Multiple Currencies feature.

Which account type allows Revalue Open Balance for Foreign Currency Transactions?
A . Cost of Goods Sold
B . Income
C . Expense
D . Other Current Asset

View Answer

Answer: B

Explanation:

Reference: https://www.morganfranklin.com/insights/company-insight/utilizing-netsuites-multicurrency-features/

Which scenario requires an Advanced Electronic Bank Payments license?
A . Customize Payment File Template for Positive Pay
B . Automate processing of payments in batches
C . Rollback of Payment File Administration
D . Aggregate bills to a single payment

View Answer

Answer: B

Explanation:

Reference: https://www.netsuite.com/portal/assets/pdf/ds-netsuite-electronic-payments.pdf (5)

A Custom Role cannot view a Custom Field on an Entity Form, which of the following permissions need to be assigned in order to be able to view it?
A . Record Custom Entry
B . Record Custom Entity Field
C . Record Entity Field
D . Record Custom Field

View Answer

Answer: B

Explanation:

Reference: https://www.netsuite.com/portal/common/pdf/suite-builder-guide.pdf (23)