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
Which statement is true about Accept Customer Payment?
- A . Customer Payments and Cash Sales have the same GL Impact.
- B . A single customer payment can be applied to multiple invoices.
- C . Customer Payment and Customer Deposit are different terms for the same transaction.
- D . Customer Payments post to Undeposited Funds when payment is questionable.
Which statement is true about recording customer payments?
- A . Accept Customer Payment offsets Accounts Receivable posting
- B . Customer payments must match paid invoices 1:1
- C . Electronic payments SuiteApp is required to record customer payments by credit card
- D . Undeposited Funds is not necessary if all your customers pay by credit card.
Which statement is true about NetSuite Accounts Payable transactions?
- A . Vendor Bills must be created from a Purchase Order.
- B . Purchase Orders must have a preceding Purchase Requisition.
- C . Bill Purchase Orders page will allow you to generate bills from multiple vendors at once.
- D . Paying an Unapproved Bill will cause both Bill and Payment to post to the general ledger.
A sales order should be billed when certain key project tasks have been completed
- A . time and material
- B . charge based
- C . fixed bid milestone
- D . standard
How does NetSuite set up a company record when you buy from and sell to the same company?
- A . either the vendor or the customer can be set as "Parent of" the other record to link them
- B . NetSuite tracks this using the "Other relationship" functions to link the customer and vendor records
- C . NetSuite uses a single company record to track this combined relationship
- D . NetSuite uses unrelated customer and vendor records to track these
What is the order of steps for the NetSuite standard accounts receivable process?
- A . Approve Sales Order > Fulfill Sales Order > Bill Sales Order
- B . Approve Sales Order > Bill Sales Order > Fulfill Sales Order
- C . Fulfill Sales Order > Approve Sales Order > Bill Sales Order
- D . Bill Sales Order > Approve Sales Order > Fulfill Sales Order
Which two statements are true about vendors and multicurrency (choose 2)
- A . vendors can have up to 5 currencies
- B . the currency on the purchase order can be changed at the point when purchase order is billed
- C . the primary currency is used for the credit limit
- D . to remove a currency from a vendor, you must first close any open transactions in that currency
- E . currencies must be added to the Vendor before being used on transaction
How can the financial reports be kept separate when tracking finances for two wholly owned but distinct legal entities in one NetSuite account?
- A . use separate fiscal calendars
- B . use classes
- C . use the multi-book accounting feature
- D . use subsidiaries
Which three steps are required to prevent someone from accessing some accounts but not others?
- A . Assign a Currency to the account
- B . Use the NetSuite default standard role
- C . Customize the role to restrict access by segment
- D . Designate Department | Class | Location on the account
- E . Tag the Employee record to Department | Class | Location
How must a Bank Account be denominated when using the multi-currency feature?
- A . It may be denominated in any one currency.
- B . It may be denominated in multiple currencies.
- C . It must be denominated in the Base Currency of the subsidiary.
- D . It must be denominated in the Base Currency of the Root Subsidiary