nerdexam
Microsoft

MB-310 · Question #386

A company uses Dynamics 365 Finance to manage its subscriptions. The company plans to consolidate invoicing. You need to configure the system for invoice consolidation. Which two features should you…

The correct answer is A. Recurring contract billing C. Subscription billing. Dynamics 365 Finance, Core financials, Subscription billing - recurring contract billing Organizations often employ complex pricing and billing practices that can be difficult to manage. This feature allows greater control over billing per item and contract, lets you automate…

Implement accounts receivable, credit, collections, and subscription billing

Question

A company uses Dynamics 365 Finance to manage its subscriptions. The company plans to consolidate invoicing. You need to configure the system for invoice consolidation. Which two features should you enable? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

  • ARecurring contract billing
  • BRevenue and expense deferrals
  • CSubscription billing
  • DMultiple element revenue allocation

How the community answered

(36 responses)
  • A
    92% (33)
  • B
    3% (1)
  • D
    6% (2)

Explanation

Dynamics 365 Finance, Core financials, Subscription billing - recurring contract billing Organizations often employ complex pricing and billing practices that can be difficult to manage. This feature allows greater control over billing per item and contract, lets you automate and evergreen renewals, enables flexible pricing models, and improves insight into recurring billing. Flexible billing lets you consolidate invoices, which saves you time and lets you provide your customers with a complete and accurate invoice if there are multiple billing schedules. Note: Dynamics 365 Finance, Recurring contract billing parameters Use the Recurring contract billing parameters page to set up the default values for billing schedules that are created in Recurring contract billing. (Subscription billing > Recurring contract billing > Setup > Recurring contract billing parameters). All billing schedules that you create initially use these default values. However, you can change the values for each billing schedule https://learn.microsoft.com/en-us/dynamics365-release-plan/2022wave1/finance- operations/dynamics365-finance/subscription-billing-recurring-contract-billing https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/sb-recur-bill-

Topics

#subscription billing#invoice consolidation#recurring contract billing#revenue deferral

Community Discussion

No community discussion yet for this question.

Full MB-310 Practice