Your organization has a policy of validating the accuracy of beneficiary account details such as routing numbers and account numbers. Which functionality in Microsoft Dynamics AX 2012 should you set…

The correct answer is C. Prenotes. A prenote is a zero-dollar transaction that is sent to a bank through the Automated Clearing House (ACH) network. Banks use prenotes to verify the accuracy of account data, such as routing numbers and account

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Question

Your organization has a policy of validating the accuracy of beneficiary account details such as routing numbers and account numbers. Which functionality in Microsoft Dynamics AX 2012 should you set up?

Options

ADeposit slip
BLetter of guarantee
CPrenotes
DBank reconciliation

How the community answered

(37 responses)

A
11% (4)
B
3% (1)
C
81% (30)
D
5% (2)

Explanation

A prenote is a zero-dollar transaction that is sent to a bank through the Automated Clearing House (ACH) network. Banks use prenotes to verify the accuracy of account data, such as routing numbers and account

Topics

#prenotes#bank account validation#routing number#beneficiary account

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