Create Cash Receipts Journal Using US Dollar Currency | MB-310 Exam Preparation

Cash Receipts Journal with US Dollar Currency

Question

SIMULATION - You are a functional consultant for Contoso Entertainment System USA (USMF)

You plan to settle accounts by receiving cash payments in US currency.

You need to create a cash receipts journal that uses the US dollar currency.

To complete this task, sign in to the Dynamics 365 portal.

Explanations

See explanation below.

1

Navigate to Finance > Cash Receipt Journals.

2

Click the +New link to add a new cash receipt journal.

3

Fill in the required fields including the currency field.

As an AI language model, I do not have the ability to sign in to the Dynamics 365 portal. However, I can guide you through the general steps to create a cash receipts journal that uses US currency.

  1. Go to the Dynamics 365 Finance module and select the "General ledger" workspace.
  2. In the "Common" section, click on the "Cash and bank management" button.
  3. From the list of options, select "Cash receipts journal."
  4. Click on the "New" button to create a new cash receipts journal.
  5. In the "General" tab, select the legal entity for which you want to create the journal.
  6. Under the "Identification" section, give the journal a name and description.
  7. In the "Currencies" section, select "USD" from the dropdown list to indicate that you want to use US currency for the journal.
  8. Set up the cash accounts that will be used in the journal by clicking on the "Cash accounts" tab.
  9. Click on the "New" button to create a new cash account, then enter the required information such as the account number, name, and currency.
  10. Save your changes and close the window.

You have now created a cash receipts journal that uses US currency. You can use this journal to record cash receipts for the selected legal entity.