Learn how to set up two-way and three-way matching policies in Microsoft Dynamics 365 Finance to automate vendor invoice validation against purchase orders, minimize errors, and streamline accounts payable processes.
Table of Contents
Question
The finance team at Contoso, Ltd. is looking to automate the validation of vendor invoices against purchase orders to streamline their accounts payable process. You need to implement a solution that minimizes manual intervention while ensuring that invoices match the corresponding purchase orders based on quantity, price, and other criteria. What should you do?
A. Configure the Vendor invoice policy page to require manual approval for all invoices.
B. Disable all invoice validation policies to expedite the invoice processing workflow.
C. Instruct the accounts payable team to manually review and match each invoice to its purchase order.
D. Set up two-way and three-way matching policies on the Matching policy page.
Answer
D. Set up two-way and three-way matching policies on the Matching policy page.
Explanation
Setting up two-way and three-way matching policies (A) automates the validation of vendor invoices against purchase orders, reducing manual intervention and ensuring accuracy. Manually reviewing each invoice (B) is time-consuming and not scalable. Disabling all invoice validation policies (C) would lead to potential errors and discrepancies. Requiring manual approval for all invoices (D) does not automate the process and increases the workload on the accounts payable team.
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.