HOTSPOTA company uses Dynamics 365 Business Central. You are creating a general ledger (G/L) for a checking account in the chart of accounts.You need to populate the fields on the G/L account card.Which value should you select? To answer, select the appropriate options in the answer area.Note: Each correct selection is worth one point.Hot Area:
Answer(s): A
Box 1: Balance sheetBox 2: ExpenseBox 3: No CodeNo mention of dimensions so we select No Code.Note, Example:Code Mandatory This means the dimension code is mandatory dimension. The system will suggest Site as London but we can change the dimension if required.Same code This means the dimension code and Dimension value code London is mandatory. It will throw an error while posting the document if value is changed.No code If we want to block a dimension to be used in this example with a customer then we can use No code.Box 4: EnabledDirect posting is a very important field. It is used to enable or disable posting directly to the account. How? So, there are G/L accounts that you assign to posting groups like the receivables account, the payables account, and so on, and you would clear the field. In short, direct posting is not allowed there because of the choice you made. You can only post through a posting group.
https://www.gestisoft.com/blog/create-a-g-l-account-in-dynamics-365-business-central
A company based in the United States uses Dynamics 365 Business Central.A customer agrees to buy raw materials in the MXN (Mexican Peso) currency.You need to set up the currency and exchange rates for this purchase.What should you do?
Answer(s): B
A company uses Dynamics 365 Business Central. The company has a customer that will also be a vendor for the company in the next financial year.The company plans to consolidate the customer and vendor balances to reduce unnecessary payments on receipts and reduce the amount of transaction fees.You need to configure the contact card.Which option should you configure first?
Answer(s): D
It is already a customer, now we add it as a Vendor as well. Later we consolidate them.Note: Feature detailsYou can turn a contact company into a customer or vendor by using the Create as Customer or Create as Vendor actions on the Contact Card page.Note: A company that you do business with might be both a customer and a vendor. When that's the case, you can avoid making unnecessary payments or receipts and save on transaction fees by consolidating the customer and vendor balances.
https://learn.microsoft.com/en-us/dynamics365-release-plan/2022wave1/smb/dynamics365-business-central/ consolidate-customer-vendor-balances
A company uses Dynamics 365 Business Central.A finance manager needs to import a bank statement CSV file into Dynamics 365 Business Central.You need to configure the system for the file import.Which three pages should you use to complete the configuration? Each correct answer presents part of the solution.Note: Each correct selection is worth one point.
Answer(s): B,C,D
DRAG DROPA company uses Dynamics 365 Business Central.The company plans to automatically create vendor payments based on posted purchase invoices. The payments should be summarized based on the vendor invoices.You need to configure the vendor payments.Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.Select and Place:
Step 1: Navigate to Payment JournalsSuggest Vendor PaymentsOn the Payment Journal page, you can use the Suggest Vendor Payments batch job to suggest payment lines. Lines for payments that are due soon or payments where a payment discount is available are suggested based on your settings.To use the Suggest Vendor Payments function1. Choose Search icon, enter Payment Journals, and then choose the related link.2. Open the relevant journal, and then choose the Suggest Vendor Payments action.3. Fill in the fields as necessary. Hover over a field to read a short description.4. Choose the OK button.Incorrect:* Navigate to General JournalsStep 2: On the Prepare tab, select Suggest Vendor PaymentsIncorrect:* On the Prepare tab, select Suggest Employee PaymentsStep 3: On the Options page, enter the posting date and enable the Summarize per Vendor option.To insert the due date as posting date on payment journal lines When you use the Suggest Vendor Payments batch job to create payment lines for your vendors, you can fill two special fields to make sure that the generated lines use the due date to calculate the posting date. These fields are Calculate Posting Date from Applies-to-Doc Due Date and Applies-to-Doc Due Date Offset.Incorrect:* : On the Options page, enter the last payment date and disable the Summarize per Vendor option.
https://learn.microsoft.com/en-us/dynamics365/business-central/payables-how-suggest-vendor-payments
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