Self-assessment

Think about these questions in terms of your client work and consider how you would handle these requests on your own:

1. You are beginning to work with a new company when they ask you whether they will need separate NetSuite accounts for each of their legal entities. They are somehow convinced this will be necessary, based on a conversation they had at a convention with another company's CEO. How will you guide them to the right solution?
2. Your client has asked you to set up their account so that currency exchange rates are only evaluated and updated once per year. Is that an option within NetSuite and if so, how would you help them set that up? (Hint: You won't be using the native exchange rate syncing feature.)
3. You are helping The Toy Company implement NetSuite, and they've asked you how they can control the GL impact for their item fulfillments and invoices so that one type of income is applied in a way that NetSuite doesn't support...