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NetSuite SuiteFoundation: Understand the Difference of Item Types & Income Accounts

Learn which NetSuite item types require income accounts and how they impact inventory and financial management. Explore the role of Item Groups and their unique characteristics.

Table of Contents

Question

When creating Item records, which item type does not require setting up an Income Account?

A. Assembly/Bill of Materials
B. Item Group
C. Kit/Package
D. Kit/Package Items

Answer

B. Item Group

Explanation

Item Groups are used for reporting and searching purposes and do not have individual inventory or financial tracking.

NetSuite SuiteFoundation Certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the NetSuite SuiteFoundation Certification exam and earn NetSuite SuiteFoundation Certification.