Configuring Automatic Bank Reconciliation for Multiple Bank Accounts | MB-310 Exam Preparation

Importing Electronic Bank Statements for Reconciliation | MB-310 Exam Preparation

Q: You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts.The company wants to import their bank statements.You need to import electronic bank statements to reconcile the bank accounts.Which three actions can you perform? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

Select Account reconciliation on the bank account formNavigate to Import statement on the Bank Statements page of Cash and Bank ManagementSelect Import statement for multiple bank accounts in all legal entities, and then upload a zip file.

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Question

You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts.

The company wants to import their bank statements.

You need to import electronic bank statements to reconcile the bank accounts.

Which three actions can you perform? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Answers

A. Select all the bank accounts for the bank statement files, and then upload all files

B. Select Account reconciliation on the bank account form

C. Import bank statements from the Data management workspace

D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management

E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file.

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Explanations

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A. B. C. D. E.

BDE.

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/reconcile-bank-statements-advanced-bank-reconciliation

Sure, I'd be happy to explain the answer options in more detail.

To reconcile bank accounts in Microsoft Dynamics 365 Finance, you can import electronic bank statements using the Bank Statements page of the Cash and Bank Management module. This allows you to match transactions in the system with those on the bank statement, which helps ensure that your records are accurate and up-to-date.

Here are the three actions that can be performed to import electronic bank statements:

A. Select all the bank accounts for the bank statement files, and then upload all files. This option allows you to select multiple bank accounts and upload all associated bank statement files at once. This can save time and reduce errors, particularly if you have a large number of bank accounts or statements to reconcile.

B. Select Account reconciliation on the bank account form. This option allows you to access the Account reconciliation workspace directly from the bank account form. From there, you can view and reconcile transactions, as well as import bank statements.

C. Import bank statements from the Data management workspace. This option allows you to use the Data management workspace to import bank statements. This may be particularly useful if you have a lot of data to manage, or if you want to automate the import process.

D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management. This option takes you directly to the Import statement function on the Bank Statements page. From there, you can select the bank account and import the statement file.

E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file. This option allows you to select and import statement files for multiple bank accounts across all legal entities. You can upload the files as a single zip file, which can help streamline the import process.

In summary, the three correct options are A, D, and E. However, the best option may depend on the specific needs and circumstances of the company.

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