Drag and Drop Question You are processing checks in Dynamics 365 Finance for a client. You need to identify the outcome of the processed checks. What is the check status for each scenario? To…

The correct answer is Cancelled; Void; Paid; Created. Dynamics 365 Finance: Check Statuses Explained Context The scenarios (not fully shown in your question text) map to the four check statuses in D365 Finance. This is a standard MB-310 exam topic. Here's how each status works and why it maps to each scenario: --- The Four…

Implement and manage accounts payable and expenses

Question

Drag and Drop Question You are processing checks in Dynamics 365 Finance for a client. You need to identify the outcome of the processed checks. What is the check status for each scenario? To answer, drag the appropriate check statuses to the scenarios. Each check status may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point. Answer:

Exhibit

Answer Area

Drag items

CancelledCreatedPaidVoid

Correct arrangement

Cancelled
Void
Paid
Created

Explanation

Dynamics 365 Finance: Check Statuses Explained

Context

The scenarios (not fully shown in your question text) map to the four check statuses in D365 Finance. This is a standard MB-310 exam topic. Here's how each status works and why it maps to each scenario:

The Four Statuses & Their Scenarios

1. Cancelled

Scenario: A check payment was posted, then later reversed/voided after posting.

This occurs when you use the payment reversal function on an already-posted check
The original posted transaction is negated, and the check status becomes Cancelled
Key distinction: the payment was fully processed before the reversal

2. Void

Scenario: A check was printed but voided before the journal was posted (e.g., printer jam, wrong amount printed).

You mark the check number as void in the check register
No financial posting ever occurred
Key distinction: Void = pre-posting error; the check never counted as a real payment

3. Paid

Scenario: A check journal was posted successfully with no issues.

The vendor payment is recorded, the check clears normally
This is the standard end-state for a successful check payment

4. Created

Scenario: A check has been generated/printed but the payment journal has NOT yet been posted.

The check number is assigned and the document exists, but it's still in draft
No accounting entries have hit the ledger yet

Common Misconceptions

Mistake	Clarification
Confusing Void and Cancelled	Void = before posting; Cancelled = after posting
Thinking Created means the journal line was just typed	It specifically means the check was printed but journal is unposted
Assuming Cancelled deletes the record	It reverses it - the original and reversal both remain

The core rule: the status reflects where in the posting lifecycle the check stopped - before, during, after, or reversed.

Topics

#check processing#check status#vendor payment#payment management

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