Learn how to fix unmatched transactions in the bank reconciliation process for Microsoft Dynamics 365 Business Central. This guide explains the best approach to ensure accurate reconciliation for the MB-800 certification exam. Discover expert tips on handling discrepancies and maintaining correct financial records.
Table of Contents
Question
After reviewing the bank reconciliation process, you have observed that some transactions are not being matched due to differences in information such as amounts or customer names.
You need to ensure that all valid transactions are matched correctly in the bank reconciliation process.
What should you do?
A. Review the transaction information and manually match the bank statement line to the corresponding bank account ledger entry after corrections.
B. Automatically post all unmatched transactions as expenses to resolve the matching issue.
C. Ignore the unmatched transactions and proceed to post the bank reconciliation.
D. Adjust the ‘Balance Last Statement’ field to force the system to match the transactions.
Answer
A. Review the transaction information and manually match the bank statement line to the corresponding bank account ledger entry after corrections.
Explanation
Option A is correct because reviewing and manually matching transactions after making necessary corrections is the appropriate way to handle discrepancies. Option B is incorrect as posting all unmatched transactions as expenses does not resolve the matching issue and could lead to incorrect financial records. Option C is incorrect because ignoring unmatched transactions will leave the reconciliation incomplete. Option D is incorrect as adjusting the ‘Balance Last Statement’ field does not address the underlying issue of mismatched transaction information.
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.