Name: NetSuite ERP Consultant Exam
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Free NetSuite ERP-Consultant Exam Actual Questions

The questions for ERP-Consultant were last updated On Jan 18, 2025

Question No. 1

Which setup option can be used as a default Intercompany Journal Entry Auto Balance Account?

AAn account that can be used in multiple currencies

BA Summary account

CAn account restricted to a currency

DAn account restricted to the Parent Subsidiary

Show Answer

Correct Answer: A

Question No. 2

When using Multi-Book Accounting, which statement is true about the period end close process?

APermits processing the period end close for all books, even is the period close status varies.

BPermits processing the period end close for all Accounting Books and requires closing the Tax book separately.

CRequire closing each book individually, regardless of the period end close status.

DPermits processing the period end close for all book with the same close status.

Show Answer

Correct Answer: B

Question No. 3

What is the impact of enabling the Limit Vendor List on Items preference?

AAll vendors are available on the Vendor Bills and Order Items pages.

BOnly vendors associated with an item display in the Vendor list.

COnly vendors with previous transactions display on the Order Items page.

DOnly vendors marked as a Project Resource display in the Vendor list.

Show Answer

Correct Answer: B

Question No. 4

The user changes the item rate on an existing Blanket Purchase Order.

Which statement is true?

ANew linked Purchase Orders created from the Blanket Purchase Order will reflect the new rate.

BThe total value of the Blanket Purchase Order shown in the Summary window reflects the average of the old and new rates.

CAny linked Purchase Orders are updated with the new rate.

DThe total value of the Blanket Purchase Order shown in the Summary window reflects the old rate.

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Correct Answer: A

Question No. 5

Which NetSuite Managed Bundle automatically provisions VAT/GST tax codes when adding a new country nexus (other than US/Canada)?

AInternational Tax Reports

BOneWorld Taxes

CSupplementary Tax Calculation

DGlobal Tax Calculator

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Correct Answer: D