DRAG DROPYou are implementing Business Central for a company.The company requires set up of the following postings:Automatic posting invoice rounding accounts for acquisition external partiesAutomatic posting entries linked to activities with financial institutionsAutomatic posting discounts granted to entities purchasing goods or servicesThe accounting manager provides you with the chart of accounts.Which posting group should you use for each requirement? To answer, move the appropriate posting groups to the correct requirements. You may use each posting group once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.Note: Each correct selection is worth one point.Select and Place:
Answer(s): A
Box 1: Customer Posting GroupsAutomatic posting invoice rounding accounts for acquisition external parties* Customer Posting GroupsDefine the accounts to use when you post accounts receivable transactions. If you use inventory with receivables, the accounts that the sales order lines post to are determined by the general business posting group assigned to your customer, and the general product posting group assigned to the inventory item.Box 2: Bank Account Posting GroupsAutomatic posting entries linked to activities with financial institutions* Bank Account Posting GroupsDefine the general ledger accounts that bank account entries are posted to. For example, this can simplify the processes of tracing transactions and reconciling bank accounts.Box 3: Vendor Posting GroupsAutomatic posting discounts granted to entities purchasing goods or services* Vendor Posting GroupsDefine where to post transactions for payables accounts, service charge accounts, and payment *discount* accounts. This is similar to customer posting groups.Incorrect:* General Posting SetupsCombine business and product posting groups and choose the accounts to post to. For each combination of business and product posting groups, you can assign a set of general ledger accounts. For example, you can post the sale of the same item to different general ledger accounts because customers are assigned to different business posting groups.
https://learn.microsoft.com/en-us/dynamics365/business-central/finance-posting-groups
DRAG DROPYou are implementing Business Central for a company.The finance manager of the company must configure the system to post payments and expenses. The configuration must include the following capabilities:Get suggested payments to the external parties based on due dates and available funds.Apply customer payments to multiple invoices.Submit electronic payments to the bank.Reimburse an employee to a dedicated bank account.You need to recommend the page the company should use for each requirement.Which page should you recommend posting to for each requirement? To answer, move the appropriate pages to the correct requirements. You may use each page once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.Note: Each correct selection is worth one point.Select and Place:
Suggested payments to external parties Payment JournalCustomer payments for multiple invoices Cash Receipt Journal Electronic payments to bank Payment JournalDedicated bank account for employee reimbursement Payment JournalPayment Journal is used for both suggested payments and electronic payments, as well as dedicated payments for reimbursements. It is ideal for managing various outgoing payments, including those requiring bank submissions.Cash Receipt Journal is used for applying customer payments to multiple invoices, which focuses on recording incoming payments and matching them to outstanding customer balances.
DRAG DROPYou are implementing Dynamics 365 Business Central for a company. You set up the chart of accounts.The finance manager must map general ledger accounts to posting groups to automate transaction posting.You need to map entities to the general ledger accounts.Which posting groups should you set up? To answer, move the appropriate posting groups to the correct requirements. You may use each posting group once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.Note: Each correct selection is worth one point.Select and Place:
Specify who the company sells to and buys from General Business Posting Groups Specify the accounts to use for accounts receivable transactions Customer Posting Groups Specify tax/VAT percentages and calculation types that apply to who the company sells to and buys from Tax/VAT Business Posting GroupsGeneral Business Posting Groups define the entities (like customers and vendors) that the company buys from and sells to, setting the general ledger accounts for those transactions.Customer Posting Groups specify the accounts needed for customer-related transactions, such as accounts receivable, ensuring receivables are accurately posted.Tax/VAT Business Posting Groups define tax or VAT percentages and types related to business transactions, applying the correct tax rates based on who the company interacts with.
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:
Income/Balance: Balance sheetChecking accounts are part of the company's assets, which appear on the balance sheet.Account Category: AssetsA checking account is an asset, so it should be categorized under assets.Account Type: PostingSince this is an account that will record transactions, it should have an account type of "Posting."Direct Posting: EnabledDirect posting should be enabled to allow transactions to be posted directly to the account.
You are implementing Business Central for a company.The accounting manager of the company must register inventory value and costs.The accounting manager provides you with the chart of accounts.You need to configure inventory posting for the company.Which two posting groups should you use to register inventory value and costs? Each correct answer presents part of the solution.Note: Each correct selection is worth one point.
Answer(s): A,E
Inventory Posting Groups: These are used to define how inventory transactions are posted to the general ledger. They allow for tracking inventory values in specific accounts in the chart of accounts.General Product Posting Groups: These help to categorize products for posting and allow for defining accounts for revenue, cost of goods sold, and inventory adjustments, ensuring accurate inventory cost tracking.
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