MB-310: How to Efficiently Process Batch Purchase Order Invoices in Dynamics 365 Finance?

Learn step-by-step how to process batch purchase order invoices in Microsoft Dynamics 365 Finance, including managing domestic and foreign vendors, setting payment terms, and handling currency revaluation efficiently.

Question

A Dynamics 365 Finance user at Alpine Ski House needs to process a batch of purchase order invoices. These invoices include both domestic and foreign vendors. You need to efficiently process these invoices while accounting for different payment terms and potential foreign currency revaluation. What should you do?

A. Apply a standard payment term for all invoices regardless of vendor location to simplify processing.
B. Postpone processing foreign vendor invoices until exchange rates are more favorable.
C. Process each invoice separately, manually applying payment terms and calculating currency revaluation for foreign vendors.
D. Utilize the vendor invoice journal to process the batch of invoices, setting up automatic payment terms and currency revaluation rules.

Answer

D. Utilize the vendor invoice journal to process the batch of invoices, setting up automatic payment terms and currency revaluation rules.

Explanation

Using the vendor invoice journal to process a batch of invoices with automatic payment terms and currency revaluation rules is efficient and ensures consistency. Processing each invoice separately is time-consuming and prone to human error. Postponing the processing of foreign vendor invoices could lead to delays and non-compliance with payment terms. Applying a standard payment term for all invoices does not accommodate the varying terms agreed upon with different vendors and could lead to payment issues.

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.