Learn how to set up inventory posting groups and configure the Inventory Posting Setup page in Microsoft Dynamics 365 Business Central to accurately map inventory transactions to the correct general ledger accounts, ensuring precise financial reporting.
Table of Contents
Question
Your finance team needs to ensure that inventory costs are accurately posted to the correct general ledger accounts based on item groups and locations. The team has noticed discrepancies in the posting of inventory transactions, which has led to inaccuracies in financial reporting.
You need to configure Microsoft Dynamics 365 Business Central to correctly map inventory transactions to the appropriate general ledger accounts for different inventory groups and locations.
What should you do? Each correct answer presents part of the solution. Choose 2.
A. Adjust the General Posting Setup to include all inventory items without grouping them.
B. Manually enter G/L account numbers on each inventory transaction to ensure accuracy.
C. Create inventory posting groups to group items and link them to specific G/L accounts.
D. Set up the Inventory Posting Setup page with the correct links between inventory posting groups, locations, and G/L accounts.
E. Enable ‘Allow Multiple Posting Groups’ for inventory to allow accountants to choose G/L accounts during posting.
Answer
C. Create inventory posting groups to group items and link them to specific G/L accounts.
D. Set up the Inventory Posting Setup page with the correct links between inventory posting groups, locations, and G/L accounts.
Explanation
Option C is correct because creating inventory posting groups allows for the grouping of items and linking them to specific G/L accounts, which is necessary for accurate financial reporting. Option D is correct as setting up the Inventory Posting Setup page with the correct links ensures that inventory transactions post to the appropriate G/L accounts based on the combination of inventory posting group and location code. Option A is incorrect because adjusting the General Posting Setup without grouping items does not provide the needed granularity for accurate postings. Option B is incorrect as manually entering G/L account numbers on each transaction is error-prone and not scalable. Option E is incorrect because the ‘Allow Multiple Posting Groups’ feature is related to customer and vendor transactions, not inventory.
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