What is an example of a simple formula that could be added in a saved search?

The choice of adding 12 months to a warranty expiration date represents a simple formula that can be implemented in a saved search because it directly involves a straightforward arithmetic operation applied to a date field. In this case, you are taking an existing date (the warranty expiration date) and performing a calculation to extend it by a specified period (12 months).

NetSuite's saved search functionality allows users to create custom fields based on formulas to derive new values or adjust existing data. Adding months to a date is a common requirement for businesses managing warranties, and it can easily be accomplished using the date arithmetic capabilities within NetSuite's saved search tools.

In contrast, calculating the average spend of customers involves a more complex operation that typically requires aggregating data across multiple records and isn't straightforward like a simple formula. Summarizing total sales also suggests an aggregation process which may involve numerous data points rather than a single formula application. Grouping transactions by type indicates sorting or filtering data rather than calculating a new value, which does not fit the definition of a formula in the context of saved searches. Therefore, the addition of a specific time period to a date is the simplest and most accurate answer.