Vendor Invoice Policies for Microsoft Dynamics 365 Finance Functional Consultant Exam

Vendor Invoice Policies

Q: QUESTION NO: 86 - You are setting up the Accounts payable module and vendor invoice policies for an organization.You need to set up vendor invoice policies that run when vendor invoices are posted in the system.In which two ways can you set up the policies? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

Configure the vendor invoice workflow to run the policies.Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.

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Question

QUESTION NO: 86 - You are setting up the Accounts payable module and vendor invoice policies for an organization.

You need to set up vendor invoice policies that run when vendor invoices are posted in the system.

In which two ways can you set up the policies? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Answers

A. Set up invoice matching validation for vendor invoice policy.

B. Configure the vendor invoice workflow to run the policies.

C. Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.

D. Apply the policies to invoices that were created in the invoice register or invoice journal.

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Explanations

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A. B. C. D.

BC.

https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/key-tasks-vendor-invoice-policies

Sure, I'll provide a detailed explanation of the options provided in the question.

A. Set up invoice matching validation for vendor invoice policy: This option refers to the process of validating vendor invoices based on predefined matching criteria such as quantity, price, and delivery date. The invoice matching process is typically used to ensure that the vendor invoice matches the corresponding purchase order and goods receipt. By setting up the invoice matching validation for the vendor invoice policy, you can automatically validate the vendor invoices when they are posted in the system. If a vendor invoice does not meet the matching criteria, the system will generate a policy violation, which can then be reviewed and resolved by the relevant user.

B. Configure the vendor invoice workflow to run the policies: This option refers to the process of configuring a workflow to automate the approval and review process of vendor invoices. By configuring the workflow to run the policies, you can ensure that the policies are automatically applied to the vendor invoices as they are processed through the workflow. This can help to improve the efficiency and accuracy of the accounts payable process, as the policies can be applied in real-time and any policy violations can be addressed before the vendor invoice is approved for payment.

C. Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page: This option refers to the process of manually applying the policies to vendor invoices using the Vendor invoice page in Dynamics 365 Finance. This can be done by selecting the vendor invoice and clicking on the 'Vendor invoice policy violations' button. This will display any policy violations that have been identified for the selected vendor invoice. The policies can then be reviewed and resolved by the relevant user.

D. Apply the policies to invoices that were created in the invoice register or invoice journal: This option refers to the process of applying the policies to vendor invoices that have been created in the invoice register or invoice journal. This can be done by selecting the vendor invoice and clicking on the 'Apply policy' button. The policies will then be applied to the vendor invoice, and any policy violations will be displayed for review and resolution.

In summary, options A, B, and D involve automating the policy application process, while option C involves manually applying the policies to vendor invoices. The best approach will depend on the specific requirements and processes of the organization.

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