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…

The correct answer is A. bank transaction type. 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 Not B: In the Method of payment field, enter an ID for the method of payment. The Method of…

Implement accounts receivable, credit, collections

Question

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?

Options

Abank transaction type
Bpayment ID
Cpayment reference
Ddeposit slip

How the community answered

(21 responses)

A
95% (20)
B
5% (1)

Explanation

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 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. https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/tasks/establish- customer-method-payment

Topics

#method of payment#electronic payments#bank transaction type#accounts receivable

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