Discover how to automate your Record to Report (R2R) process in Microsoft Dynamics 365 Business Central. Learn which features, like financial period close workspaces and Power BI, ensure accurate and reliable financial data management without manual intervention.
Table of Contents
Question
Your company has recently implemented the record to report (R2R) process and is now looking to optimize its financial data collection and analysis.
You need to ensure that all financial transactions are automatically posted to the company’s general ledger without manual user interaction, while maintaining the accuracy and reliability of financial statements.
Which two features should you use? Each correct answer presents part of the solution. Choose 2.
A. Utilize the financial period close workspace for account reconciliation
B. Use general journals for recording financial transactions
C. Use Power BI for data gathering
D. Manually post transactions to the general ledger
Answer
A. Utilize the financial period close workspace for account reconciliation
C. Use Power BI for data gathering
Explanation
The correct answer is ‘Utilize the financial period close workspace for account reconciliation’. This feature in Dynamics 365 Finance supports the process of account reconciliation. Using general journals for recording financial transactions is also important, but it does not directly contribute to the account reconciliation process. Power BI, while useful for data visualization and reporting, is not specifically used for data gathering in the R2R process. Manually posting transactions to the general ledger is not efficient and does not align with the goal of automating the process.
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