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Microsoft Dynamics 365 Finance Functional Consultant Questions 201–205 (page: 42)

Explanation:

Create a recurring free text invoice template
To invoice customers for the same services on a regular basis, you must define a free text invoice template that can be reused to create the invoices.
Assign a free text invoice template to a customer and enter recurrence details After the template is created, you must assign the template to the customers that you want to invoice.
Additionally, you must specify when and how often the invoice will be used. You can assign the templates on the Invoice tab of the Customers page. Add the template to the list, and update the following information:
The start date and, optionally, the end date for the recurring billing The frequency of the recurring billing (for example, every day or once a month) The maximum billing amount (if this information is required) A customer can have multiple templates that have different frequencies.

Reference:

https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/set-up-process-recurring-invoices

Explanation:

Step 1: Set up a transformation input format file for the bank.
Set up a positive pay format
Positive pay files are created by using data entities. Before you can generate a positive pay file, you must set up a transformation input format that will be used to translate the check information into a format that can communicate with the bank. On the Positive pay format page, you can create a file format identifier and a description. The transformation input format must be of the XML type.

Incorrect:

* Set up a transformation input format file for each bank account.

Step 2: Set up the numbering sequence on the Cash and Bank management parameters page.
Assign the positive pay format to a bank account
For each bank account that you want to generate positive pay information for, you must assign the positive pay format that you specified in the previous section. On the Bank accounts page, select the positive pay format that corresponds to the bank account. In the Positive pay start date field, enter the first date to generate positive pay files. It's important that you enter a date in this field. Otherwise, the first positive pay file that you generate will include all checks that have ever been created for this bank account.

Step 3: Generate the positive pay file for the bank accounts.
Generate a positive pay file for multiple bank accounts
To generate a positive pay file for multiple bank accounts, use the Generate a positive pay file periodic task. Select the positive pay format for the file, and specify whether to generate the file for all legal entities or for a selected legal entity. You can also generate the positive pay file for all bank accounts that use the specified positive pay format or for a selected bank account.

Incorrect:
* Generate the positive pay file for each bank account.

Step 4: Confirm a positive pay file
Confirm a positive pay file
After the checks that are listed in a positive pay file have been paid, you receive a confirmation number from your bank. You can then confirm the positive pay file. On the Positive pay file summary page, select a positive pay file that has a status of Created, and then select the Enter confirmation action.
When you confirm a positive pay file, the confirmation number that you received from the bank is recorded.

Reference:

https://learn.microsoft.com/en-us/dynamics365/finance/accounts-payable/set-up-generate-positive-pay-files

Explanation:

Box 1: Customer/Vendor
Set up charges codes for Accounts receivable, example:
Your customer pays the charge. Therefore, it's added to the sales order totals. You set up the following posting information:

In the Type field in the Debit section, select Customer/Vendor to add the invoice charge to the customer's account.
In the Type field in the Credit section, select Ledger account. Then, in the Account field, select the main account for revenue from invoice charges.

Box 2: Ledger account

Reference:

https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/create-charges-codes

Explanation:

Box 1: Posting definition
Set up interest on the posting profile
1. In the Navigation pane, go to Modules > Credit and collections > Setup > Customer posting profiles.
2. Click Edit.
3. In the Setup fastTab, in the Interest code field, select an interest code from the drop-down list. If you do not want interest calculated for transactions using this posting profile, leave the field blank. The Table restriction fastTab allows you to change the way that interest is processed. If this field is set to Yes, then interest will be calculated for this posting profile.

Box 2: Number sequence for the voucher
Numbering documents and vouchers chronologically
In some countries, there is a legal requirement to number documents and related vouchers in chronological order. The chronology must be supported by periods. All of the numbers that belong to earlier periods must be less than the numbers that belong to later periods. To meet this requirement, chronological numbering functionality has been implemented.

Reference:

https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/tasks/process-interest https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/chrono-numbers

Explanation:

Reference:

http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/