A company uses Dynamics 365 Finance. A customer invoice is due on or before the tenth day of the following month. You need to configure the payment setup. Which payment configuration should you use?

Question

Options

• APayment method: Net
• BPayment method: Net
• CPayment method: Current month
• DPayment method: Net

• A
  93% (26)
• C
  4% (1)
• D
  4% (1)

Explanation

When creating a new 'Terms of payment', the standard Payment method will be 'Net'. Month: 1 - next month. Days: 10 - on the tenth at latest In the Day of month field, enter a date. The date should be entered as a number, such as '10'. Payment method defines the start of how the due will be calculated. For example, Net is used if the due date is always a set number of months or days after the invoice date. COD can be used to when payment is required upon invoice, so a due date wouldn't be calculated. Payment day can be set to a specific day of the week or date are included in the calculation. Depending on your terms of payment, you may enter a quantity in Months or Days. Or you can use the Payment schedule or Payment day to add to the end of the Payment method. If you're using a Payment calendar, you can define how the due date is determined when the calculated date lands on a non-workday. The initial due date is calculated using calendar days. If the calculated date lands on a non-workday, you can adjust the calculated due date to either the next working date or earlier working day. https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/establish-customer-

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