You are configuring the basic budgeting for a Dynamics 365 Finance environment.
You need to configure the types of entries allowed.
Which two configurations can you use? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
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A. B. C. D. E.DE.
Sure, I can provide a detailed explanation of each configuration option for the basic budgeting in a Dynamics 365 Finance environment.
A. The budget register entry journals require both Expense and Revenue amount types. This configuration option indicates that the budget register entry journals will require entries for both expense and revenue amounts to be valid. This is useful when you need to track both expenses and revenue for a specific period or project. For example, if you want to create a budget for a marketing campaign, you will need to track the expenses associated with the campaign as well as the revenue generated by the campaign.
B. Budget register entry line needs a main account and amount to be valid. This configuration option indicates that a budget register entry line will need a main account and an amount to be valid. This means that the budget entry will need to be associated with a specific main account and a specific amount. For example, if you want to create a budget for a department, you will need to specify the main account associated with the department and the amount allocated for that department.
C. Budget register entry journals must be allocated across all fiscal periods. This configuration option indicates that the budget register entry journals must be allocated across all fiscal periods. This means that the budget for the entire fiscal year will need to be entered in one budget register entry journal. For example, if you want to create a budget for the fiscal year, you will need to enter the budget for each fiscal period in the same budget register entry journal.
D. Budget register entry lines must select only one account structure. This configuration option indicates that the budget register entry lines must select only one account structure. This means that the budget entry will need to be associated with one specific account structure. For example, if you want to create a budget for a specific department, you will need to select the account structure associated with that department.
E. The budget register entries can contain either Expense or Revenue amount types. This configuration option indicates that the budget register entries can contain either expense or revenue amount types. This means that you can create a budget for either expenses or revenues. For example, if you want to create a budget for a marketing campaign, you can create a budget for the expenses associated with the campaign only, or for the revenues generated by the campaign only.
In summary, there are different configuration options available when configuring basic budgeting in a Dynamics 365 Finance environment. Each configuration option serves a specific purpose and allows for greater control and precision when managing budgets.