Discover effective solutions for resolving bank reconciliation discrepancies in Microsoft Dynamics 365 Business Central. Learn how manually matching bank statement lines with ledger entries can ensure accurate reconciliation and avoid common mistakes.
Table of Contents
Question
Your company has recently noticed discrepancies in their bank account reconciliation process within Microsoft Dynamics 365 Business Central.
You need to identify and resolve these discrepancies to ensure the bank account is reconciled correctly.
What should you do?
A. Manually match the bank statement lines with the bank account ledger entries and correct any mismatched information.
B. Increase the ‘Transaction Date Tolerance (Days)’ to automatically match more entries and reduce discrepancies.
C. Clear the ‘Bank Recon. with Auto. Match’ field on the ‘General Ledger Setup’ page to prevent automatic matching.
D. Use the ‘Undo’ action on the ‘Bank Account Statement List’ page to delete all previous reconciliations and start a new.
Answer
A. Manually match the bank statement lines with the bank account ledger entries and correct any mismatched information.
Explanation
Option A is correct because manually matching and correcting information is the standard method for resolving discrepancies in bank reconciliation. Option B is incorrect as increasing the date tolerance may lead to incorrect matches and not address the underlying discrepancies. Option C is incorrect because clearing the ‘Bank Recon. with Auto. Match’ field disables a feature that could be useful in the reconciliation process and does not directly resolve discrepancies. Option D is incorrect as undoing all previous reconciliations is an extreme measure that would likely cause more issues rather than resolving the discrepancies.
Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Business Central Functional Consultant MB-800 exam and earn Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification.