You need to create a payment journal for all vendors that require check payments with transactions that are due through the end of the current week. You create a new payment journal and open the lines. What should you do…

You are processing a vendor payment and attempt to print a check from Microsoft Dynamics 365 for Finance and Operations. Due to printer issues, the check is damaged, and the journal is not yet posted. You need to void the…

You are setting up settlement periods for the purpose of using conditional sales tax. You plan on creating one settlement period for conditional sales tax and another settlement period for reporting sales tax to the authorities. One of your coworkers…

You are implementing the Fixed assets module for Contoso, Ltd. Contoso, Ltd. has outlined the following business process for creating assets: 1. A worker completes a capital expenditure form and submits it to the accounting department for review and approval.…

You want to reserve budget funds for planned expenditures. The funds have been requested but not yet approved from a purchase order. You need to set up a budget code for these types of scenarios. Which budget type should you…

You want a summarized chart of accounts in the Consolidation company. Many accounts from Subsidiary companies combine into single summarized accounts within this Consolidation company. Which two items do you need to set up? Each correct answer presents part of…

You set up and activate a new budget planning process. Next, you generate the original budget plan from the general ledger data. The department managers need to enter their requested amounts for the budget plan. Where should the department managers…

You are creating a budget register entry. You need to transfer 6,000.00 USD from account 604578 in department 10 to department 20. What should you do? A. Create a new transfer journal name that is linked to the transfer budget…

It is a new fiscal year. You want to set all profit and loss accounts to zero. On the general ledger parameters page, under fiscal year close, what should you do to accomplish this task? A. Delete close of year…

You open up the Financial period close workspace and see an exclamation point icon next to one of your tasks. What does the exclamation point icon next to the task mean? A. That task has not been completed yet B.…