Configure Invoice Matching Validation for Microsoft Dynamics 365 Finance | MB-310 Exam

Invoice Matching Validation Configuration

Question

A company has recently deployed Microsoft Dynamics 365 Finance.You have been hired as a Systems Administrator.Your role will include the management of the Dynamics 365 system.

You have been asked by the Finance Manager to configure invoice matching validation to check for discrepancies between vendor invoices, purchase orders and product receipts.

The configuration must meet the following requirements: Compare the invoice amount of the invoice to the purchase order.

Compare the total discount of the invoice to the purchase order.

Compare the sales taxes of the invoice to the purchase order Which of the following validation methods should you configure?

Answers

Explanations

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A. B. C. D.

C.

To configure invoice matching validation in Microsoft Dynamics 365 Finance to check for discrepancies between vendor invoices, purchase orders, and product receipts, you will need to select a validation method that meets the requirements specified by the Finance Manager.

The available validation methods are:

A. Charges matching B. Two-way line level matching C. Invoice totals matching D. Three-way line level matching

Let's examine each of these validation methods and see how they can help to meet the requirements:

A. Charges matching: This method compares the charges on the invoice to the charges on the purchase order. Charges can include things like freight charges, handling fees, and taxes. However, this method does not compare the invoice amount or discount to the purchase order, so it does not meet the requirements specified by the Finance Manager.

B. Two-way line level matching: This method compares the invoice line items to the purchase order line items. It checks that the quantity, price, and description of the products or services on the invoice match those on the purchase order. However, it does not compare the invoice amount or discount to the purchase order, so it does not meet the requirements specified by the Finance Manager.

C. Invoice totals matching: This method compares the total amount on the invoice to the total amount on the purchase order. It also compares the total discount on the invoice to the total discount on the purchase order. However, it does not compare the sales taxes on the invoice to the sales taxes on the purchase order, so it does not fully meet the requirements specified by the Finance Manager.

D. Three-way line level matching: This method compares the invoice line items to the purchase order line items and the product receipts. It checks that the quantity, price, and description of the products or services on the invoice match those on the purchase order and the product receipts. It also compares the invoice amount, total discount, and sales taxes to the purchase order and product receipts. This method fully meets the requirements specified by the Finance Manager.

Therefore, the correct validation method to configure for this scenario is D. Three-way line level matching. This will ensure that the invoice amount, total discount, and sales taxes are compared to the purchase order and product receipts, and any discrepancies are flagged for review.