Struggling with accounts payable discrepancies in vendor invoices? Learn how to configure charges groups in Microsoft Dynamics 365 Finance to ensure consistency and accuracy.
Table of Contents
Question
Fabrikam, Inc. is experiencing discrepancies in their accounts payable. These discrepancies are due to inconsistent application of charges on vendor invoices. You need to standardize the application of additional charges on vendor invoices to ensure consistency and accuracy in accounts payable. What should you do?
A. Configure accounts payable charges groups and assign them to vendor invoices to automate the application of consistent charges.
B. Eliminate all additional charges on vendor invoices to avoid discrepancies.
C. Instruct the accounts payable team to manually calculate and apply charges to each vendor invoice individually.
D. Outsource the management of vendor invoice charges to a third-party service provider.
Answer
A. Configure accounts payable charges groups and assign them to vendor invoices to automate the application of consistent charges.
Explanation
Configuring accounts payable charges groups and assigning them to vendor invoices allows for the automated and consistent application of charges, reducing discrepancies and manual errors. Manually calculating and applying charges is time-consuming and prone to errors. Eliminating all additional charges is not practical as some charges may be legitimate and contractually agreed upon. Outsourcing to a third-party provider is unnecessary and could lead to a loss of control over the process.
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