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
Question #21
What are two differences between fixed and dynamic allocation schedules? (Choose two.)
- A . Fixed allocation requires zeroing out the source account.
- B . Dynamic allocation requires zeroing out the source account.
- C . Dynamic allocation schedules must use statistical accounts.
- D . Fixed allocation schedules must have predefined weighting that does not change
Correct Answer: C.D
Question #22
On which financial statements are invoices summarized?
- A . income statement
- B . Balance sheet
- C . account payable aging
- D . general ledger
Correct Answer: D
Question #23
Which two account types can be used to Pay Vendor Bills? (Choose two)
- A . Bank
- B . Asset
- C . Expense
- D . Credit Card
- E . Non-Posting
Correct Answer: A.D
Question #24
Which setting requires separate review of sales orders?
- A . Pending approval status
- B . Pending fulfillment status
- C . Credit Limit
- D . Pending Billing status
Correct Answer: A
Question #25
Which statement is true about budgets in NetSuite?
- A . budgets must be entered manually
- B . budgets can only be created for income and expense accounts
- C . budgets hold setting for expenses will prevent overspending
- D . Multiple budgets can be created for the same year and criteria
Correct Answer: D
Question #26
Which transaction requires a credit memo before a refund?
- A . Invoice
- B . Cash Sale
- C . Sales Order
- D . Customer Deposit
Correct Answer: A
Question #27
In which two places can Invoices be created based upon Billing Schedules? (Choose two)
- A . Individually from the Sales Order
- B . Individually from the Project record
- C . In bulk from the Approve Time screen
- D . The billing queue under Bill Orders
Correct Answer: A.D
Question #28
Where can invoices that have already been generated be seen from the sales order screen?
- A . Next to each line item
- B . Click the bill remaining button
- C . Under the billing tab, on the billing schedule
- D . Under related records
Correct Answer: D
Question #29
How can an Expense Allocation Schedule be set up to dynamically recalculate weighting each time it is applied?
- A . Use custom segments
- B . Use a statistical account
- C . Click the Update Sample Weights button.
- D . Predefine the weighting when setting up the schedule
Correct Answer: D
Question #30
Which statement is true about NS budgets?
- A . Multiple budgets can be created for same year and criteria
- B . Budgets must be answered manually
- C . Budgets can only be created for income and expense accounts
- D . Budget Hold setting for expense accounts will prevent overspending
Correct Answer: A