Learn the key steps to automate bank reconciliation in Dynamics 365 Finance. Discover how configuring advanced bank reconciliations and maintaining bank accounts ensures efficiency and accuracy.
Table of Contents
Question
Your company is implementing the Cash and Bank Management module in Dynamics 365 Finance. They want to automate the bank reconciliation process. Your goal is to ensure that the bank reconciliation process is efficient and accurate. What two actions should you perform? Each correct answer presents part of the solution. Choose two.
A. Configure and process bank reconciliations including advanced bank reconciliations.
B. Configure the cash flow forecast setup.
C. Create and maintain bank groups and bank accounts.
D. Enable and configure summarized bank transactions for vendor and customer payments.
E. Set up a dependent cash flow forecast for a main account.
Answer
A. Configure and process bank reconciliations including advanced bank reconciliations.
C. Create and maintain bank groups and bank accounts.
Explanation
To automate the bank reconciliation process, you need to create and maintain bank groups and bank accounts (option B) and configure and process bank reconciliations including advanced bank reconciliations (option C). Configuring the cash flow forecast setup (option A), enabling and configuring summarized bank transactions for vendor and customer payments (option D), and setting up a dependent cash flow forecast for a main account (option E) are not directly related to automating the bank reconciliation process.
Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Finance Functional Consultant MB-310 exam and earn Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification.