A client uses Dynamics 365 Finance for accounts receivable.
You need to ensure that accounts receivable clerks add the wire number for electronic payments.
Which item should you set up as mandatory in the method of payment?

A. bank transaction type

B. payment ID

C. payment reference

D. deposit slip








 

Suggested Answer: A

Enter the Bank transaction type to identify the type of payment used by your bank. The bank transaction type is used during the bank reconciliation process, and can make reconciliation easier.
Incorrect:
Not B: In the Method of payment field, enter an ID for the method of payment. The Method of payment ID is shown on invoices and payments, so make it descriptive enough to understand what type of payment is being recorded, and for what bank account.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/tasks/establish-customer-method-payment

This question is in MB-310 Microsoft Dynamics 365 Finance Exam
For getting Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate Certificate



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