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Free MB-800 Exam Braindumps (page: 28)

Page 28 of 65
PDF with 253 Questions

A company uses Dynamics 365 Business Central to manage receivables.
You must import a series of payments from a bank account and automatically match the payments against similar ledger entries already entered in Business Central.
You need to import and apply the payments to the ledger entries that are automatically matched by the system.
Which form should you use?

  1. Payment services
  2. Payment Application Rules
  3. Payment Reconciliation Journal
  4. Payment Registration

Answer(s): C

Explanation:

You must regularly reconcile your bank, receivables, and payables accounts by applying payments recorded in the bank to their related open (unpaid) invoices and credit memos or other open entries in Business Central.
You can perform this task on the Payment Reconciliation Journal page, for example, by importing a bank statement file or feed to quickly register the payments.
Payments are applied to open customer or vendor ledger entries based on matches between payment text and entry information.
Note: The Payment Reconciliation Journal page specifies payments, either incoming or outgoing, that have been recorded as transactions on your online bank account or on a payment service and that you can apply to their related open customer, vendor, and bank account ledger entries. The lines in the journal can be filled in by importing a bank statement as a bank feed or file or by manually entering transactions that you make on your payment service.


Reference:

https://docs.microsoft.com/en-us/dynamics365/business-central/receivables-how-reconcile-customer-payments-list-unpaid-sales-documents



HOTSPOT (Drag and Drop is not supported)
You complete the sales invoicing process for a company.
You need to validate the setup.
Which setup should you check for each process? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:

  1. See Explanation section for answer.

Answer(s): A

Explanation:




Box 1: No. Series
No. Series: For each company that you set up, you need to assign unique identification codes to things such as general ledger accounts, customer and vendor accounts, invoices, and other documents. Numbering is important not only for identification. A well-designed numbering system also makes the company more manageable and easy to analyze, and can reduce the number of errors that occur in data entry.
Box 2: Document Sending Profiles
You can set each customer up with a preferred method of sending sales documents, so that you do not have to select a sending option every time you choose the
Post and Send action.
On the Document Sending Profiles page, you set up different sending profiles that you can select from in the Document Sending Profile field on a customer card.


Reference:

https://docs.microsoft.com/en-us/dynamics365/business-central/ui-create-number-series https://docs.microsoft.com/en-us/dynamics365/business-central/sales-how-setup-document-send-profiles



You are creating payment terms.
A company processes standard vendor payments on the seventh day of the next month.
You need to set up payment terms for the vendor.
Which date formula should you use?

  1. 37D
  2. 1M+7D
  3. 1M+6D
  4. CM+7D

Answer(s): D


Reference:

https://business-central.to-increase.com/md/en-US/ui-enter-date-ranges



A company purchases items by using cash. You register a vendor payment when you a post a purchase invoice for a cash vendor.
You are creating a new cash vendor. No prior vendors have been set up as cash vendors.
You need to set up the vendor so that payments post automatically when you post a purchase invoice.
Which type of setup should you use?

  1. Payment Method as Cash
  2. Payment Term as COD
  3. Payment Method as Cash with balancing account
  4. Prepayment

Answer(s): C


Reference:

https://docs.microsoft.com/en-gb/dynamics365/business-central/finance-how-to-settle-purchase-invoices-promptly



Page 28 of 65



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