Learn how to effectively manage credit and collections in Microsoft Dynamics 365 Finance. Discover the best practices for setting up mandatory credit limits for customer documents and ace the MB-310 certification exam.
Table of Contents
Question
You are managing credit and collections.
You need to set up mandatory credit limits for all customer documents.
Solution: Define a credit limit for each customer and select the Mandatory credit limit check box on the Customers form.
Does the solution meet the goal?
A. Yes
B. No
Answer
A. Yes
Explanation
To set up mandatory credit limits for all customer documents in Microsoft Dynamics 365 Finance, you need to follow these steps:
- Define a credit limit for each customer: Navigate to the Customers form (Accounts receivable > Customers > All customers) and specify a credit limit amount for each customer. This credit limit determines the maximum amount of outstanding credit that a customer can have at any given time.
- Select the Mandatory credit limit check box: On the Customers form, locate the “Mandatory credit limit” check box and ensure that it is selected for each customer. This setting enforces the credit limit and prevents the processing of sales orders, invoices, or other customer documents that would exceed the defined credit limit.
By defining a credit limit for each customer and selecting the “Mandatory credit limit” check box on the Customers form, you effectively set up mandatory credit limits for all customer documents. This solution ensures that credit limits are enforced consistently and helps manage credit risk in your organization.
Therefore, the provided solution meets the goal of setting up mandatory credit limits for all customer documents in Microsoft Dynamics 365 Finance.
Microsoft MB-310 certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the Microsoft MB-310 exam and earn Microsoft MB-310 certification.