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 it asks you whether it will need separate NetSuite accounts for each of its legal entities. It is somehow convinced this will be necessary, based on a conversation it had at a convention with another company’s CEO. How will you guide it 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 will not use the native exchange rate-syncing feature.)
3. You are helping The Toy Company implement NetSuite, and it has asked you how it can control the GL impact for its item fulfillments and invoices so that one type of income is applied in a way that NetSuite does not support out of the box. What...