Recommended Report for Detailed Balance Information
Question
An organization is implementing Dynamics 365 Finance.
The organization uses financial reports including detailed balance information in local currencies for all accounts.
Reports must include general ledger account number and journal entry line description.
You need to recommend a report that meets the requirements.
Which report should you recommend?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.A.
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/trial-balance-financial-reportsBased on the requirements given, the recommended report should provide detailed balance information for all accounts, in local currencies, and include the general ledger account number and journal entry line description.
Out of the four options provided, the report that best meets these requirements is the Detailed Trial Balance (Option A).
The Detailed Trial Balance report provides detailed balance information for all accounts, including the opening balance, debit and credit amounts, and closing balance. It can be run for a specific date range and filtered by dimensions such as financial dimensions, legal entities, and posting layers.
Additionally, the Detailed Trial Balance report includes the general ledger account number and journal entry line description, which are required in the report.
The Summary Trial Balance report (Option B) provides summarized information on account balances and does not include the journal entry line descriptions. The Balance Sheet report (Option C) provides information on the organization's financial position and does not provide detailed balance information for all accounts. The Cash Flow report (Option D) provides information on the organization's cash inflows and outflows and does not provide detailed balance information for all accounts nor the journal entry line descriptions.
Therefore, the recommended report is the Detailed Trial Balance (Option A) as it meets all the requirements stated in the question.
