Learn the top solutions to streamline intercompany transactions in Microsoft Dynamics 365 Business Central. Discover how to set up intercompany bank accounts, use intercompany documents, and ensure partner codes for seamless transaction posting.
Table of Contents
Question
You are a Functional Consultant for Contoso, Ltd. The company uses Microsoft Dynamics 365 Business Central for managing their financial transactions. They have recently started working with an intercompany partner and want to streamline their transaction process.
You need to set up a system that allows Contoso, Ltd. to post transactions with their intercompany partner without having to re-enter the data.
Each correct answer presents part of the solution. Choose 3.
A. Set up intercompany bank accounts for posting bank-to-bank transactions.
B. Use intercompany documents or journals to post transactions with the intercompany partner.
C. Ensure the intercompany partner code is on the customer or vendor for all orders and invoices.
D. Create a new sales order for each transaction with the intercompany partner.
E. Manually enter the data for each transaction with the intercompany partner.
F. Use the ‘Send IC Sales Order’ action for every transaction.
Answer
A. Set up intercompany bank accounts for posting bank-to-bank transactions.
B. Use intercompany documents or journals to post transactions with the intercompany partner.
C. Ensure the intercompany partner code is on the customer or vendor for all orders and invoices.
Explanation
Setting up intercompany bank accounts allows for bank-to-bank transactions between Contoso, Ltd. and their intercompany partner. Using intercompany documents or journals allows for transactions to be posted without re-entering the data. Ensuring the intercompany partner code is on the customer or vendor ensures that all orders and invoices produce corresponding documents in the partner companies. Creating a new sales order for each transaction, manually entering the data, and using the ‘Send IC Sales Order’ action for every transaction are not efficient methods and do not streamline the process.
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