MB-800: How to Configure Payment Tolerances in Microsoft Dynamics 365 Business Central for Efficient Payment Reconciliation?

Learn how to configure the correct payment tolerance settings in Microsoft Dynamics 365 Business Central to handle discrepancies in payment amounts. Optimize your payment reconciliation process by setting the Match Tolerance Type and Match Tolerance Value for accurate and efficient ledger entries.

Question

You are optimizing the payment application process for a client using Microsoft Dynamics 365 Business Central.
You need to configure the system to apply payments to open customer or vendor ledger entries with a certain level of tolerance for discrepancies between payment amounts and invoice amounts.
Which fields should you configure on the Payment Reconciliation Journal for this purpose?

A. Journal Template Name and Journal Batch Name
B. Balancing Account Type and Balancing Account
C. Match Tolerance Type and Match Tolerance Value
D. Bank Account Card and Bank Statement Import Format

Answer

C. Match Tolerance Type and Match Tolerance Value

Explanation

Match Tolerance Type’ and ‘Match Tolerance Value’ are the fields that determine how the system will handle discrepancies between payment amounts and invoice amounts during the payment application process. ‘Journal Template Name’ and ‘Journal Batch Name’ are related to the setup of journal templates and batches, not payment tolerances. ‘Balancing Account Type’ and ‘Balancing Account’ are related to the setup of balancing accounts for payments, not payment tolerances. ‘Bank Account Card’ and ‘Bank Statement Import Format’ are related to bank account management and bank statement imports, not payment tolerances.

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