Determine the Journal Type to Post Vendor Invoices
Question
You work as a Financial Consultant.You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.
You need to configure a journal to use for vendor invoices.
You need to determine which journal type to use to post vendor invoices that have been approved to the appropriate ledger accounts.
Which journal type should you use?
Answers
Explanations
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A. B. C. D.C.
As a Financial Consultant, your task is to configure a journal for posting vendor invoices to the appropriate ledger accounts in the Microsoft Dynamics 365 Finance system.
In Microsoft Dynamics 365 Finance, there are several journal types available, each designed for a specific purpose.
A. Vendor invoice pool: This journal type is used to pool vendor invoices that are not yet approved for payment. It is not used for posting transactions to the ledger accounts.
B. Vendor invoice recording: This journal type is used for recording vendor invoices that have been received but not yet approved for payment. It is not used for posting transactions to the ledger accounts.
C. Approval: This journal type is used to record the approval or rejection of vendor invoices. It is not used for posting transactions to the ledger accounts.
D. Vendor disbursement: This journal type is used to record vendor disbursements, which are payments made to vendors. It is used for posting transactions to the ledger accounts.
Based on the requirements mentioned in the question, the most appropriate journal type to use for posting vendor invoices that have been approved to the appropriate ledger accounts is the Vendor disbursement journal type.
Therefore, the correct answer is D. Vendor disbursement.
