A client has unique accounting needs that sometimes require posting definitions. You need to implement posting definitions. In which situation should you implement posting definitions?

The correct answer is C. when creating multiple balanced ledger entries based on transaction types or accounts. You have to generate multiple, balanced ledger entries based on attributes such as transaction types and accounts. Use posting profiles if you need only one offset ledger entry. You have to support encumbrance accounting for purchase orders and pre-encumbrance accounting for…

Set up and configure financial management

Question

A client has unique accounting needs that sometimes require posting definitions. You need to implement posting definitions. In which situation should you implement posting definitions?

Options

Awhen financial dimensions need to default from the vendor record onto an invoice
Bwhen only certain dimensions are allowed to post with certain main account combinations
Cwhen creating multiple balanced ledger entries based on transaction types or accounts
Dwhen the system needs to automatically post a transaction to the accounts receivable account on

How the community answered

(32 responses)

A
6% (2)
B
3% (1)
C
78% (25)
D
13% (4)

Explanation

You have to generate multiple, balanced ledger entries based on attributes such as transaction types and accounts. Use posting profiles if you need only one offset ledger entry. You have to support encumbrance accounting for purchase orders and pre-encumbrance accounting for purchase requisitions. Posting profiles cannot be used for encumbrance and pre- encumbrance accounting. https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-posting-definitions

Topics

#posting definitions#balanced ledger entries#transaction types#general ledger

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