Learn the best method to verify sales invoice amounts in Microsoft Dynamics 365 Business Central, ensuring accuracy in VAT or sales tax calculations and preventing rounding discrepancies. Discover the solution to maintain financial integrity before posting invoices.
Table of Contents
Question
Your company requires a method to verify the amounts that will be posted from sales invoices, especially in cases where VAT or sales tax calculations may cause rounding discrepancies.
You need to implement a verification step before posting sales invoices to ensure the accuracy of the amounts.
What should you do?
A. Use the ‘Customer Statistics’ FactBox in Microsoft Dynamics 365 Business Central to review the amounts, including rounding calculations, before posting.
B. Manually calculate the expected totals and compare them with the amounts on the sales invoice.
C. Post the sales invoice and then adjust in a subsequent transaction if there are discrepancies.
D. Ignore minor discrepancies due to rounding and post the sales invoice as is.
Answer
A. Use the ‘Customer Statistics’ FactBox in Microsoft Dynamics 365 Business Central to review the amounts, including rounding calculations, before posting.
Explanation
Option A is correct because the ‘Customer Statistics’ FactBox provides a way to review and verify amounts, including rounding calculations, within Business Central. Option B is incorrect as it is time-consuming and prone to human error. Option C is incorrect because it creates additional work and could lead to financial inaccuracies. Option D is incorrect as it does not address the need for accuracy in financial records.
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