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 #51
Characteristics of purchase order in NetSuite?
- A . purchase in the currency the of the vendor’s primary subsidiary
- B . purchase order must be in the primary currency of the vendor
- C . a purchase requisition is required before creating a purchase order
- D . purchase orders have no accounting/GL impact
Correct Answer: D
Question #52
What is an example of a subsidiary?
- A . The direct sales division
- B . A clearing account
- C . A warehouse
- D . A wholly owned company
Correct Answer: D
Question #53
What is a characteristic of importing journal entries?
- A . The limit of lines for journal entry import is 1,000.
- B . The limit of lines for journal entry import is 10,000.
- C . Journal entries can only be imported using web services.
- D . Journal entries imported unbalanced must be fixed before approval.
Correct Answer: B
Question #54
Which report shows the total value of current assets?
- A . Balance Sheet
- B . General Ledger
- C . Profit and Loss / Income Statement
- D . Cash Flow Statement
Correct Answer: A
Question #55
which two settings are needed for billable items to appear on the customer invoice (choose 2)
- A . billable checkbox
- B . customer
- C . invoice number
- D . memo
Correct Answer: A.D
Question #56
Which statement is true about Local versus Global budgets?
- A . Local budget can be entered in the currency of the parent or the child subsidiary.
- B . Global budgets can be entered in the currency of the parent or the child subsidiary.
- C . Budgets are automatically converted in reports to show in the currency context being viewed.
- D . It is recommended that either a Global or a Local budget should be used, rather than both types.
Correct Answer: C
Question #57
When entering a journal, which two boxes must be used to reverse the journal entry next month, so that the reversal is not created until then? (Choose Two)
- A . Do Not Post Until
- B . Defer Entry
- C . Memo
- D . Pending Approval
- E . Reversal Date
Correct Answer: B.E
Question #58
Which Two accounts have dedicated reconciliation page in NS?
- A . Bank
- B . Fixed Asset
- C . Credit Card
- D . Sales Tax Liability
Correct Answer: A.C
Question #59
Which two statement are true about setting up the intercompany expense allocation (choose 2)
- A . the source may be multiple subsidiary
- B . The target may be multiple subsidiaries
- C . The source must be one subsidiary
- D . the target can only be one subsidiary
Correct Answer: A.B
Question #60
Which account in a general ledger is being cleared when Make Deposits transaction is used?
- A . Accounts Payable
- B . Undeposited Funds
- C . Customer Deposits
- D . Accounts Receivable
Correct Answer: B