A customer uses bank reconciliation functionality in Dynamics 365 Finance. The customer finds a transaction in a closed fiscal period that must be corrected. You need to correct the transaction. How…

The correct answer is D. Create a new line for the transaction in an open period. If the fiscal period of the transaction to be corrected is closed, the Correction amount field can't be used. Instead, create a line that has a transaction date that is in an open fiscal period for the correction. In this case, you must add the financial dimensions that were…

Implement financial management

Question

A customer uses bank reconciliation functionality in Dynamics 365 Finance. The customer finds a transaction in a closed fiscal period that must be corrected. You need to correct the transaction. How should you make this correction?

Options

AUse the Correction amount field.
BOpen the fiscal pend.
CCreate a new line for the transaction in the closed period.
DCreate a new line for the transaction in an open period.

How the community answered

(66 responses)

A
6% (4)
B
2% (1)
C
2% (1)
D
91% (60)

Explanation

If the fiscal period of the transaction to be corrected is closed, the Correction amount field can't be used. Instead, create a line that has a transaction date that is in an open fiscal period for the correction. In this case, you must add the financial dimensions that were used on the original transaction, and also the offset main account. https://learn.microsoft.com/en-us/dynamics365/finance/cash-bank-management/reconcile-bank-

Topics

#bank reconciliation#closed fiscal period#transaction correction#open period posting

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