MB-800 Free Practice Questions — Page 8

Question 72

A manufacturer uses Dynamics 365 Business Central to procure items. When the manufacturer deletes or changes purchase orders and blanket purchase orders, a record of these document changes must automatically be maintained. The configuration should not impact performance. You need to configure Business Central to automatically record the changes. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Question 73

A company has been using Dynamics 365 Business Central for many years. A new accounting manager for the company reviews the chart of accounts. The manager wants to remove some general ledger accounts. The Check G/L Account Usage field is selected in the General Ledger Setup. You need to assist with the account deletions. What is one requirement that enables deletion of a general ledger account?

Question 74

Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - Northwind Traders is an independent, family-owned business. The company distributes natural pet products in the Northwest region of the country/region. Products are purchased directly from manufacturers and distributed by using its own fleet of trucks. When the company started, deliveries were within a three-hour radius of the warehouse. Due to regional growth, current deliveries require drivers to stay overnight on some routes. The company plans to open a second warehouse to expand the region and eliminate overnights for route drivers. The company also plans to hire a second group of employees to run operations in this new location. The finance and accounting teams will remain in the original location. The company uses a third-party system for financials and order management. The finance department stated that the company’s fiscal year begins on July 1 and ends on June 30. The mm/dd/yyyy date format is used. As part of the expansion, the owner plans to upgrade to an ERP system and use Business Central to fulfill the company requirements and manage growth. Current environment - Orders - • Orders are emailed to customer service and manually keyed into the inventory system. Pricing and discounts - • Customer pricing is determined by the customer market type. Customer market types are Retail, Veterinarian, and Breeder. Each customer is associated with only one market type. • Vendors offer monthly promotions to customers by item, brand, or item category. • Invoices should show each customer’s base price, the discount amount, and the net price. Accounts payable - • The company wants to expand vendor payment options in the new system. Requirement - Customers - • The sales team must be able to do the following: o Quickly set up new customers with the proper settings based on customer type. o Identify customers by market type. Customer posting groups will be used to identify which market the customer belongs to. • Base price is determined by the customer market type. • The sales department should receive a warning when entering the order if a customer is over their credit limit. Sales - • Customer discounts are offered for specific time frames by item, brand, or product category. Discounts should be added to sales lines automatically. • Discounts must post to a unique general ledger (G/L) account. • The business needs to be able to track revenue by location, market, and product category dimensions. Locations 100 and 200 will be set as default dimensions on the two warehouse locations. Food, treats, toys, and supplies are the required product categories, which will be set as default dimensions on the item cards. Each customer card will have a default market dimension. • The sales manager wants to delete canceled orders and automatically archive them. Warehouse - • Orders will be fulfilled from two possible warehouse locations. • Product will be transferred between locations by using transfer orders. Sales invoices - • Invoices will be posted after delivery. • Invoices will be emailed to the customer. • The sales department must be able to quickly correct posted invoices for the following scenarios: o Posted invoices that have not been paid. o Posted invoices that have been paid. o Posted invoices created from sales orders. o Posted invoices not created from sales orders. Accounting - • The finance department requires that the company has 12 monthly accounting periods per fiscal year. • Finance department users must be able to reconcile the accounts receivable (AR) subledger to the G/L account at month end. • AR department users need the ability to settle and close invoices when customers take payment discounts after the payment discount date has passed. AR users should be allowed to accept or reject the payment tolerance. • Accounts payable (AP) department users must be able to pay vendors by electronic funds transfer (EFT) and use a payment journal batch named EFT to process payments. • When viewing G/L entries, the finance and accounting teams must be able to see debits and credits instead of a positive or negative amount. • The company needs to be able to track expenses by department and location. The departments are sales, operations, and administration. • AR must be able to correct cash application entries. Issues - Payment application - • Customers may have several stores that are responsible for their own orders and payments. • Occasionally, AR clerks mistakenly apply payments to the incorrect customer invoice. Invoicing - • When items are delivered, customers refuse the items for reasons such as damaged or wrong item. • After the invoices are posted, they must be corrected, which is time-consuming. Warehouse - • The sales department and warehouse managers must have visibility into products that are in the process of being transferred between locations. Accounts - • Customer accounts are difficult to view by market type. • The finance team does not have the ability to report revenue by customer type. Accounting - • AR users often find variances between the AR subledger and G/L account. • Customers often take the payment discount after the payment discount date has passed, leaving open invoices for small amounts. • The AP department is unable to pay vendors by EFT in the current system. • Finance and accounting team members have trouble validating postings when they use only the amounts field on G/L entries. • The finance department is unable to run financial reports by market. All revenue postings must reference a market. You need to train the Accounts Receivable (AR) department how to correct customer payment application issues. What are two possible ways to achieve this? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

Question 75

HOTSPOT - You need to report profitability by business line. How should you configure the system? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Question 76

DRAG DROP - Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - Northwind Traders is an independent, family-owned business. The company distributes natural pet products in the Northwest region of the country/region. Products are purchased directly from manufacturers and distributed by using its own fleet of trucks. When the company started, deliveries were within a three-hour radius of the warehouse. Due to regional growth, current deliveries require drivers to stay overnight on some routes. The company plans to open a second warehouse to expand the region and eliminate overnights for route drivers. The company also plans to hire a second group of employees to run operations in this new location. The finance and accounting teams will remain in the original location. The company uses a third-party system for financials and order management. The finance department stated that the company’s fiscal year begins on July 1 and ends on June 30. The mm/dd/yyyy date format is used. As part of the expansion, the owner plans to upgrade to an ERP system and use Business Central to fulfill the company requirements and manage growth. Current environment - Orders - • Orders are emailed to customer service and manually keyed into the inventory system. Pricing and discounts - • Customer pricing is determined by the customer market type. Customer market types are Retail, Veterinarian, and Breeder. Each customer is associated with only one market type. • Vendors offer monthly promotions to customers by item, brand, or item category. • Invoices should show each customer’s base price, the discount amount, and the net price. Accounts payable - • The company wants to expand vendor payment options in the new system. Requirement - Customers - • The sales team must be able to do the following: o Quickly set up new customers with the proper settings based on customer type. o Identify customers by market type. Customer posting groups will be used to identify which market the customer belongs to. • Base price is determined by the customer market type. • The sales department should receive a warning when entering the order if a customer is over their credit limit. Sales - • Customer discounts are offered for specific time frames by item, brand, or product category. Discounts should be added to sales lines automatically. • Discounts must post to a unique general ledger (G/L) account. • The business needs to be able to track revenue by location, market, and product category dimensions. Locations 100 and 200 will be set as default dimensions on the two warehouse locations. Food, treats, toys, and supplies are the required product categories, which will be set as default dimensions on the item cards. Each customer card will have a default market dimension. • The sales manager wants to delete canceled orders and automatically archive them. Warehouse - • Orders will be fulfilled from two possible warehouse locations. • Product will be transferred between locations by using transfer orders. Sales invoices - • Invoices will be posted after delivery. • Invoices will be emailed to the customer. • The sales department must be able to quickly correct posted invoices for the following scenarios: o Posted invoices that have not been paid. o Posted invoices that have been paid. o Posted invoices created from sales orders. o Posted invoices not created from sales orders. Accounting - • The finance department requires that the company has 12 monthly accounting periods per fiscal year. • Finance department users must be able to reconcile the accounts receivable (AR) subledger to the G/L account at month end. • AR department users need the ability to settle and close invoices when customers take payment discounts after the payment discount date has passed. AR users should be allowed to accept or reject the payment tolerance. • Accounts payable (AP) department users must be able to pay vendors by electronic funds transfer (EFT) and use a payment journal batch named EFT to process payments. • When viewing G/L entries, the finance and accounting teams must be able to see debits and credits instead of a positive or negative amount. • The company needs to be able to track expenses by department and location. The departments are sales, operations, and administration. • AR must be able to correct cash application entries. Issues - Payment application - • Customers may have several stores that are responsible for their own orders and payments. • Occasionally, AR clerks mistakenly apply payments to the incorrect customer invoice. Invoicing - • When items are delivered, customers refuse the items for reasons such as damaged or wrong item. • After the invoices are posted, they must be corrected, which is time-consuming. Warehouse - • The sales department and warehouse managers must have visibility into products that are in the process of being transferred between locations. Accounts - • Customer accounts are difficult to view by market type. • The finance team does not have the ability to report revenue by customer type. Accounting - • AR users often find variances between the AR subledger and G/L account. • Customers often take the payment discount after the payment discount date has passed, leaving open invoices for small amounts. • The AP department is unable to pay vendors by EFT in the current system. • Finance and accounting team members have trouble validating postings when they use only the amounts field on G/L entries. • The finance department is unable to run financial reports by market. All revenue postings must reference a market. You need to configure Business Central to quickly display all customers in the retail market. Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Question 77

DRAG DROP - Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - Northwind Traders is an independent, family-owned business. The company distributes natural pet products in the Northwest region of the country/region. Products are purchased directly from manufacturers and distributed by using its own fleet of trucks. When the company started, deliveries were within a three-hour radius of the warehouse. Due to regional growth, current deliveries require drivers to stay overnight on some routes. The company plans to open a second warehouse to expand the region and eliminate overnights for route drivers. The company also plans to hire a second group of employees to run operations in this new location. The finance and accounting teams will remain in the original location. The company uses a third-party system for financials and order management. The finance department stated that the company’s fiscal year begins on July 1 and ends on June 30. The mm/dd/yyyy date format is used. As part of the expansion, the owner plans to upgrade to an ERP system and use Business Central to fulfill the company requirements and manage growth. Current environment - Orders - • Orders are emailed to customer service and manually keyed into the inventory system. Pricing and discounts - • Customer pricing is determined by the customer market type. Customer market types are Retail, Veterinarian, and Breeder. Each customer is associated with only one market type. • Vendors offer monthly promotions to customers by item, brand, or item category. • Invoices should show each customer’s base price, the discount amount, and the net price. Accounts payable - • The company wants to expand vendor payment options in the new system. Requirement - Customers - • The sales team must be able to do the following: o Quickly set up new customers with the proper settings based on customer type. o Identify customers by market type. Customer posting groups will be used to identify which market the customer belongs to. • Base price is determined by the customer market type. • The sales department should receive a warning when entering the order if a customer is over their credit limit. Sales - • Customer discounts are offered for specific time frames by item, brand, or product category. Discounts should be added to sales lines automatically. • Discounts must post to a unique general ledger (G/L) account. • The business needs to be able to track revenue by location, market, and product category dimensions. Locations 100 and 200 will be set as default dimensions on the two warehouse locations. Food, treats, toys, and supplies are the required product categories, which will be set as default dimensions on the item cards. Each customer card will have a default market dimension. • The sales manager wants to delete canceled orders and automatically archive them. Warehouse - • Orders will be fulfilled from two possible warehouse locations. • Product will be transferred between locations by using transfer orders. Sales invoices - • Invoices will be posted after delivery. • Invoices will be emailed to the customer. • The sales department must be able to quickly correct posted invoices for the following scenarios: o Posted invoices that have not been paid. o Posted invoices that have been paid. o Posted invoices created from sales orders. o Posted invoices not created from sales orders. Accounting - • The finance department requires that the company has 12 monthly accounting periods per fiscal year. • Finance department users must be able to reconcile the accounts receivable (AR) subledger to the G/L account at month end. • AR department users need the ability to settle and close invoices when customers take payment discounts after the payment discount date has passed. AR users should be allowed to accept or reject the payment tolerance. • Accounts payable (AP) department users must be able to pay vendors by electronic funds transfer (EFT) and use a payment journal batch named EFT to process payments. • When viewing G/L entries, the finance and accounting teams must be able to see debits and credits instead of a positive or negative amount. • The company needs to be able to track expenses by department and location. The departments are sales, operations, and administration. • AR must be able to correct cash application entries. Issues - Payment application - • Customers may have several stores that are responsible for their own orders and payments. • Occasionally, AR clerks mistakenly apply payments to the incorrect customer invoice. Invoicing - • When items are delivered, customers refuse the items for reasons such as damaged or wrong item. • After the invoices are posted, they must be corrected, which is time-consuming. Warehouse - • The sales department and warehouse managers must have visibility into products that are in the process of being transferred between locations. Accounts - • Customer accounts are difficult to view by market type. • The finance team does not have the ability to report revenue by customer type. Accounting - • AR users often find variances between the AR subledger and G/L account. • Customers often take the payment discount after the payment discount date has passed, leaving open invoices for small amounts. • The AP department is unable to pay vendors by EFT in the current system. • Finance and accounting team members have trouble validating postings when they use only the amounts field on G/L entries. • The finance department is unable to run financial reports by market. All revenue postings must reference a market. You need to train the sales department how to correct posted sales invoices. Which action should you use for each scenario? To answer, drag the appropriate actions to the correct scenarios. Each action may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

Question 78

DRAG DROP - Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - Northwind Traders is an independent, family-owned business. The company distributes natural pet products in the Northwest region of the country/region. Products are purchased directly from manufacturers and distributed by using its own fleet of trucks. When the company started, deliveries were within a three-hour radius of the warehouse. Due to regional growth, current deliveries require drivers to stay overnight on some routes. The company plans to open a second warehouse to expand the region and eliminate overnights for route drivers. The company also plans to hire a second group of employees to run operations in this new location. The finance and accounting teams will remain in the original location. The company uses a third-party system for financials and order management. The finance department stated that the company’s fiscal year begins on July 1 and ends on June 30. The mm/dd/yyyy date format is used. As part of the expansion, the owner plans to upgrade to an ERP system and use Business Central to fulfill the company requirements and manage growth. Current environment - Orders - • Orders are emailed to customer service and manually keyed into the inventory system. Pricing and discounts - • Customer pricing is determined by the customer market type. Customer market types are Retail, Veterinarian, and Breeder. Each customer is associated with only one market type. • Vendors offer monthly promotions to customers by item, brand, or item category. • Invoices should show each customer’s base price, the discount amount, and the net price. Accounts payable - • The company wants to expand vendor payment options in the new system. Requirement - Customers - • The sales team must be able to do the following: o Quickly set up new customers with the proper settings based on customer type. o Identify customers by market type. Customer posting groups will be used to identify which market the customer belongs to. • Base price is determined by the customer market type. • The sales department should receive a warning when entering the order if a customer is over their credit limit. Sales - • Customer discounts are offered for specific time frames by item, brand, or product category. Discounts should be added to sales lines automatically. • Discounts must post to a unique general ledger (G/L) account. • The business needs to be able to track revenue by location, market, and product category dimensions. Locations 100 and 200 will be set as default dimensions on the two warehouse locations. Food, treats, toys, and supplies are the required product categories, which will be set as default dimensions on the item cards. Each customer card will have a default market dimension. • The sales manager wants to delete canceled orders and automatically archive them. Warehouse - • Orders will be fulfilled from two possible warehouse locations. • Product will be transferred between locations by using transfer orders. Sales invoices - • Invoices will be posted after delivery. • Invoices will be emailed to the customer. • The sales department must be able to quickly correct posted invoices for the following scenarios: o Posted invoices that have not been paid. o Posted invoices that have been paid. o Posted invoices created from sales orders. o Posted invoices not created from sales orders. Accounting - • The finance department requires that the company has 12 monthly accounting periods per fiscal year. • Finance department users must be able to reconcile the accounts receivable (AR) subledger to the G/L account at month end. • AR department users need the ability to settle and close invoices when customers take payment discounts after the payment discount date has passed. AR users should be allowed to accept or reject the payment tolerance. • Accounts payable (AP) department users must be able to pay vendors by electronic funds transfer (EFT) and use a payment journal batch named EFT to process payments. • When viewing G/L entries, the finance and accounting teams must be able to see debits and credits instead of a positive or negative amount. • The company needs to be able to track expenses by department and location. The departments are sales, operations, and administration. • AR must be able to correct cash application entries. Issues - Payment application - • Customers may have several stores that are responsible for their own orders and payments. • Occasionally, AR clerks mistakenly apply payments to the incorrect customer invoice. Invoicing - • When items are delivered, customers refuse the items for reasons such as damaged or wrong item. • After the invoices are posted, they must be corrected, which is time-consuming. Warehouse - • The sales department and warehouse managers must have visibility into products that are in the process of being transferred between locations. Accounts - • Customer accounts are difficult to view by market type. • The finance team does not have the ability to report revenue by customer type. Accounting - • AR users often find variances between the AR subledger and G/L account. • Customers often take the payment discount after the payment discount date has passed, leaving open invoices for small amounts. • The AP department is unable to pay vendors by EFT in the current system. • Finance and accounting team members have trouble validating postings when they use only the amounts field on G/L entries. • The finance department is unable to run financial reports by market. All revenue postings must reference a market. You need to configure Business Central to meet the requirements of the sales department. What should you configure for each setup area? To answer, drag the appropriate configurations to the correct sales and receivables setup. Each configuration may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

Question 79

You are configuring Dynamics 365 Business Central security settings. You assign the following permission sets to a user: You need to determine how the system handles the user's permissions. What is the outcome of the user permission configuration?

Question 80

DRAG DROP - A company plans to set up an approval process for purchase orders in Business Central. The approval process must automatically send out an approval request as soon as a purchase order is created. Purchase orders that require approval must be for an amount of $600 or more. You need to configure the approval workflows. Which areas should you configure for each use case? To answer, drag the appropriate areas to the correct use cases. Each area may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

Question 81

HOTSPOT - Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - Northwind Traders is an independent, family-owned business. The company distributes natural pet products in the Northwest region of the country/region. Products are purchased directly from manufacturers and distributed by using its own fleet of trucks. When the company started, deliveries were within a three-hour radius of the warehouse. Due to regional growth, current deliveries require drivers to stay overnight on some routes. The company plans to open a second warehouse to expand the region and eliminate overnights for route drivers. The company also plans to hire a second group of employees to run operations in this new location. The finance and accounting teams will remain in the original location. The company uses a third-party system for financials and order management. The finance department stated that the company’s fiscal year begins on July 1 and ends on June 30. The mm/dd/yyyy date format is used. As part of the expansion, the owner plans to upgrade to an ERP system and use Business Central to fulfill the company requirements and manage growth. Current environment - Orders - • Orders are emailed to customer service and manually keyed into the inventory system. Pricing and discounts - • Customer pricing is determined by the customer market type. Customer market types are Retail, Veterinarian, and Breeder. Each customer is associated with only one market type. • Vendors offer monthly promotions to customers by item, brand, or item category. • Invoices should show each customer’s base price, the discount amount, and the net price. Accounts payable - • The company wants to expand vendor payment options in the new system. Requirement - Customers - • The sales team must be able to do the following: o Quickly set up new customers with the proper settings based on customer type. o Identify customers by market type. Customer posting groups will be used to identify which market the customer belongs to. • Base price is determined by the customer market type. • The sales department should receive a warning when entering the order if a customer is over their credit limit. Sales - • Customer discounts are offered for specific time frames by item, brand, or product category. Discounts should be added to sales lines automatically. • Discounts must post to a unique general ledger (G/L) account. • The business needs to be able to track revenue by location, market, and product category dimensions. Locations 100 and 200 will be set as default dimensions on the two warehouse locations. Food, treats, toys, and supplies are the required product categories, which will be set as default dimensions on the item cards. Each customer card will have a default market dimension. • The sales manager wants to delete canceled orders and automatically archive them. Warehouse - • Orders will be fulfilled from two possible warehouse locations. • Product will be transferred between locations by using transfer orders. Sales invoices - • Invoices will be posted after delivery. • Invoices will be emailed to the customer. • The sales department must be able to quickly correct posted invoices for the following scenarios: o Posted invoices that have not been paid. o Posted invoices that have been paid. o Posted invoices created from sales orders. o Posted invoices not created from sales orders. Accounting - • The finance department requires that the company has 12 monthly accounting periods per fiscal year. • Finance department users must be able to reconcile the accounts receivable (AR) subledger to the G/L account at month end. • AR department users need the ability to settle and close invoices when customers take payment discounts after the payment discount date has passed. AR users should be allowed to accept or reject the payment tolerance. • Accounts payable (AP) department users must be able to pay vendors by electronic funds transfer (EFT) and use a payment journal batch named EFT to process payments. • When viewing G/L entries, the finance and accounting teams must be able to see debits and credits instead of a positive or negative amount. • The company needs to be able to track expenses by department and location. The departments are sales, operations, and administration. • AR must be able to correct cash application entries. Issues - Payment application - • Customers may have several stores that are responsible for their own orders and payments. • Occasionally, AR clerks mistakenly apply payments to the incorrect customer invoice. Invoicing - • When items are delivered, customers refuse the items for reasons such as damaged or wrong item. • After the invoices are posted, they must be corrected, which is time-consuming. Warehouse - • The sales department and warehouse managers must have visibility into products that are in the process of being transferred between locations. Accounts - • Customer accounts are difficult to view by market type. • The finance team does not have the ability to report revenue by customer type. Accounting - • AR users often find variances between the AR subledger and G/L account. • Customers often take the payment discount after the payment discount date has passed, leaving open invoices for small amounts. • The AP department is unable to pay vendors by EFT in the current system. • Finance and accounting team members have trouble validating postings when they use only the amounts field on G/L entries. • The finance department is unable to run financial reports by market. All revenue postings must reference a market. You need to configure retail store customer cards to track revenue by market. Which configuration should you use? To answer, select the appropriate option in the answer area. NOTE: Each correct selection is worth one point.