A public sector company is configuring encumbrance for managing capital budgets.
The finance department needs to configure posting definitions for bank transactions.
You need to configure Dynamics 365 Finance for cash settlements.
What should you do?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
To configure Dynamics 365 Finance for cash settlements, you would need to set up bank transaction posting definitions. Bank transaction posting definitions determine how bank transactions are posted to the general ledger, and can be configured by the finance department.
Encumbrance is a budgetary control that ensures that sufficient funds are available before a purchase order or other commitment is made. In a public sector organization, encumbrance is often used to manage capital budgets, which are funds allocated for long-term investments such as infrastructure projects. While encumbrance is a useful tool for budgetary control, it is not directly related to configuring Dynamics 365 Finance for cash settlements.
The answer choices provided do not provide enough information to determine the correct answer. However, based on the information provided, the most relevant answer would be D, "Configure advanced ledger entries." Advanced ledger entries allow for more complex accounting transactions to be recorded, which could be useful for cash settlements. However, without additional information about the specific requirements for the cash settlement process, it is impossible to determine the correct answer with certainty.