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Exam NetSuite ERP Consultant topic 1 question 97 discussion

Actual exam question from NetSuite's NetSuite ERP Consultant
Question #: 97
Topic #: 1
[All NetSuite ERP Consultant Questions]

Which statement is true about Rollback and Reversal of Payment File Administration (PFA) records?

  • A. The rollback deletes all payments in the PFA record.
  • B. The reversal changes the File Processed status back to Queued.
  • C. The rollback creates a voiding journal for the reversed payment.
  • D. The reversal is only available for 24 hours from the time the record was created.
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Suggested Answer: A 🗳️

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6251d77
2 weeks, 1 day ago
Selected Answer: A
When you use the Rollback feature, the following actions are taken: The PFA is cancelled, changing the File Processed? status to Cancelled. The file reference is deleted, leaving the File Reference field blank. The Reprocess button is enabled, but only available in view mode. The payment file and all associated payment records are deleted. The bills will still be tied to the Payment File Administration.134
upvoted 1 times
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9a85b21
4 months, 1 week ago
Selected Answer: A
https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N1672610.html#Rollback
upvoted 1 times
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TomGreen
7 months, 1 week ago
D seems to be right as well Help: You can roll back payments within 24 hours after the payment file has been generated if the bank has not yet processed the associated payment file.
upvoted 1 times
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nickzxi
1 year, 2 months ago
Selected Answer: A
ans - A In payment rollback, the payment file is deleted and all its associated payments are deleted. Ref - https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N1672610.html#Rollback
upvoted 3 times
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