Netsuite Suitefoundation Certification Study Set

The base currency is the main currency in which a company's financial records are maintained and financial statements are prepared. It is important for accurate financial reporting and analysis.

The correct answer is 'Multiple Currencies' because this feature allows businesses to conduct transactions in various currencies, simplifying international transactions.

Account numbers are not mandatory in NetSuite as users have the flexibility to set up their account structures without assigning specific account numbers.

Using classifications in conjunction with the general ledger account can actually simplify the chart of accounts by providing a structured way to organize and categorize financial transactions.

The correct answer is DepartmentLocationClass, which represents the three main classifications for reporting in NetSuite's general ledger. DivisionLocationClass, SubsidiaryLocationClass, and RegionLocationClass are not the correct classifications for reporting in this context.

In the context of user access management, a role typically consists of permissions that dictate what a user can or cannot do within a system or application. While 'Restrictions', 'Privileges', and 'Capabilities' are related concepts, they do not directly refer to the specific settings that determine a user's data access rights.

In this context, a user is an individual who has access to the NetSuite account, whereas an admin usually has elevated privileges and a viewer or guest may have restricted access.

Classifications are used for organizing and categorizing data, not for segmenting or dividing it.

In most business settings, printing, email, and fax preferences can be centrally managed and set as company-wide preferences to ensure consistency and streamline operations.

The Setup Manager in NetSuite provides links to configure various settings and options within the system.

In NetSuite, data is typically stored in a Record, which is the basic unit of data within the NetSuite system.

Forms are typically used to input or display data in a structured way, while Tables display data in a tabular format, Queries filter and retrieve specific data, and Reports present data in a formatted output.

NetSuite's data structure includes many unique tables that represent different types of data within the system, making it a robust and customizable platform for organizations.

Inline Editing is a feature that allows users to edit records directly from a list without having to enter into a separate editing screen. Filter, Sort, and Group are other functionalities that help organize and manage data but do not directly enable editing from a list.

Import Assistant allows users to upload a file containing multiple records and make changes to all of them simultaneously, unlike the other incorrect options provided.

NetSuite should handle email addresses consistently regardless of whether they belong to a company or an individual, as email addresses serve as unique identifiers in the system.

The correct criteria that can be set from Setup --> Company--> Duplicate Detection is 'Contacts emailSaved search'. The other options listed are not related to duplicate detection settings in this context.

The correct statement is false because not all records may be imported via the Import Assistant. It is important to carefully review the supported record types and limitations of the Import Assistant before attempting to import records.

Exporting a list view of the record types ensures that the CSV template matches the structure of the data being imported, making the process more efficient and accurate.

Preparation for the Data Import is crucial as it ensures that the data being imported is accurate, complete, and aligned with the system requirements. Without proper preparation, the import process may encounter errors or inconsistencies leading to potential issues later on.

Creating a custom record allows for better organization and maintenance of data, while adding too many custom fields to an existing record can lead to cluttered and inefficient data management.

Forms are used to collect and input data in a structured manner, as well as display information in a user-friendly format. Tables, charts, and graphs are typically used for data visualization and analysis, but do not control how information is entered and viewed like a form does.

SuiteBuilder is indeed a point-and-click tool for customization provided by NetSuite for users to easily customize their application without the need for coding or scripting.

To allow external users access to the File Cabinet, the 'available without login' checkbox needs to be checked, as it grants access without requiring a login.

Permission definitions are typically found within user management settings, where roles and permissions can be assigned and managed for different users or user groups.

The My Login Audit section typically displays information related to login attempts, date/time of previous logins, and password changes. Other unrelated information such as current password, unread messages, or profile picture is not shown in this section.

The correct answer includes credit card (CC) and automated clearing house (ACH) as payment types that can be applied to vendors.

Having six consecutive login failures will result in your login being suspended for 30 minutes as a security measure to prevent unauthorized access.

NetSuite usually has two major releases per year, introducing new features and enhancements to the software platform.