NetSuite NetSuite Financial User Practice Exams
Last updated on Oct 21,2026- Exam Code: NetSuite Financial User
- Exam Name: NetSuite Financial User Certification
- Certification Provider: NetSuite
- Latest update: Oct 21,2026
What is the correct order of steps for the standard accounts payable process?
Purchase Order > Receive Item > Bill PO > Pay Vendor
Which statement is true about Vendors and multiple currencies?
- A . A Vendor Bill must be created in the same currency as the Purchase Order
- B . Vendors assigned to only one subsidiary can use only one currency
- C . Vendors assigned to more than one subsidiary must use multiple currencies
- D . The currency on the purchase order can be changed until a vendor bill is created
What is the simplest way to post incurred bank fees while using the Reconcile Bank Statement page?
- A . Post a Journal Entry
- B . Use the New Charges subtab
- C . Use the New Deposits subtab
- D . Post a Write Check transaction
The simplest way to post bank service fees … reconcile bank statement pages?
- A . post a write check transaction
- B . enter on the new deposit subtab
- C . Enter on the new charge’s subtab
- D . post journal entry
Which two statements are true about budgets in NetSuite? (Choose two.)
- A . Budgets can use statistical accounts
- B . Budgets set to "Enforce" prevent overspending.
- C . Global budget amounts may fluctuate when viewed in root parent currency.
- D . Local budget amounts may fluctuate when consolidated to parent subsidiary view.
To which account should the customer payments be posted, to consolidate all customer payments recorded through the day into one bank deposit at the end of the day?
- A . customer deposits
- B . Bank account
- C . undeposited funds
- D . accounts receivable
Which statement is true about the Memorized Transactions feature?
- A . The Remind Me setting allows manual review of the transaction before it is posted.
- B . The Update Prices checkbox allows manual review of the transaction before it is posted.
- C . The Number Remaining refers to the quantity of Item ordered remaining to be billed or shipped.
- D . The Remind Forever setting sends notice to the Customer that a new Invoice has been created.
Which expense allocation use case requires the use of statistical accounts
- A . Static division of rent based on location
- B . Division of recruiting based on headcount
- C . Predefined split of marketing costs among sales channels
- D . Even 50/50 split of receptionist salary based on department
What two transactions cause a Bill Variance journal entry to be posted?
- A . Item receipt
- B . purchase order
- C . bill payment
- D . purchase requisition
- E . Vendor bill
Which two transactions containing inventory items will post to COGS? (Choose two)
- A . Item Return
- B . Item Fulfillment
- C . Standalone invoices
- D . Invoices created from Sales Orders
Which are 2 elements unto to setting up financial sections in NetSuite financial report? (Choose 2)
- A . custom sections are restricted to one account type
- B . formula rows calculate from the row immediately above
- C . Each financial section has its own header and summary row
- D . Each section can be customized to have multiple account types