NETSUITE-FINANCIAL-USER practice question 2 of 15

which statement is true about assigning a billing schedule to an item record?

Full set: 86 questions

Answer options

A: it forces all the lines on sales order to have billing schedule

B: it requires that items on the same sales order have billing schedule of some kind

C: it requires that all items on the sales order used same billing schedule

D: it ensures that item will always have the billing default in correctly on the sales order Correct answer

Correct Answer:

D. it ensures that item will always have the billing default in correctly on the sales order

Explanation

Assigning a billing schedule on the item record makes that schedule the item’s default. When the item is added to a sales order, the Billing Schedule field on that line is automatically populated with the item’s default schedule, though users may still override it. The assignment has no effect on other lines or on other items in the same transaction.

Why Incorrect

A. Only the line containing that item inherits a default schedule; other lines are unaffected.
B. Other items on the order can be entered with or without billing schedules.
C. A single sales order can contain items that use different billing schedules.

References

1. Oracle NetSuite Help Center

topic “Billing Schedules: Linking Schedules to Items

” para. 2: “When you set a default billing schedule on an item

that schedule is automatically entered on the transaction line for that item.”

2. Oracle NetSuite Help Center

topic “Item Record > Accounting Subtab

” field description for Billing Schedule: “Select a billing schedule to be used as the default for this item on sales transactions. The default can be changed on the transaction.”

(Access to NetSuite Help Center requires valid credentials.)

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