Q
A company implements Dynamics 365 Supply Chain Management.
The company processes vendor payments weekly on Wednesdays.
You need to configure the payment setup for the vendors.
What should you configure?
Question Info
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Explanation
This item tests the candidate’s knowledge of payment setup that includes knowing the different payment types, such as payment schedule, payment days, terms of payment, and payment calendar.
You can use payment days to define the payment day used for calculating the due date. Payment day can be specified for either a day in the week or in the month. Cash Flow Forecasting is used to predict future cash flow trends and manage liquidity rather than setting up recurring vendor payment schedules. The correct option for configuring vendor payments on a weekly basis (Wednesdays) is Payment Days.. Terms of payment defines the payment date from the date of invoice. You can use payment calendars, together with payment calendar rules, to make sure that payment due dates and the start date for grace periods for invoices are always set on business days.
Terms of payment and payment days - Training | Microsoft Learn
Establish customer payment terms - Finance | Dynamics 365 | Microsoft Learn
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