Exam MB-310 topic 1 question 114 discussion

Actual exam question from Microsoft's MB-310

Question #: 114
Topic #: 1

You are implementing Dynamics 365 Finance.

You need to enable electronic fund transfers (EFT) for vendors.

Which three steps must you complete? Each correct answer presents pail of the solution.

NOTE: Each correct selection is worth one point.

A. Enable the EFT format as a method of payment within Accounts payable.
B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS).
C. Import the X++ file format.
D. Import the payment model into the Electronic reporting (ER) repository.
E. Export Electronic reporting (ER) configuration from Lifecycle Services (LCS).

Show Suggested Answer

Suggested Answer: ABD 🗳️

by val1888 at May 19, 2023, 2:23 p.m.

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globeearth

1 month, 2 weeks ago

Selected Answer: ABD

Why not the other options? C. Import the X++ file format: X++ is used for custom development in Dynamics 365, but EFT configurations rely on Electronic Reporting (ER) configurations, not X++ file formats. This step is not relevant for enabling EFT. E. Export Electronic reporting (ER) configuration from Lifecycle Services (LCS): Exporting an ER configuration from LCS is not necessary for enabling EFT. Instead, you import the required configuration into LCS and then into the ER repository.

upvoted 1 times

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Neuwe

2 months, 4 weeks ago

Selected Answer: ABD

https://learn.microsoft.com/en-us/dynamics365/finance/localizations/europe/emea-select-file-formats-for-the-method-of-payments

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Milliongiz

6 months, 4 weeks ago

To enable electronic fund transfers (EFT) for vendors in Dynamics 365 Finance, you need to perform several key steps to configure the EFT functionality. Here are the three essential steps: A. Enable the EFT format as a method of payment within Accounts payable. This step involves setting up and configuring the EFT payment method in the system to ensure it is available for use with vendor payments. B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS). This step involves importing the necessary ER configuration that defines the format and structure of the EFT file. This configuration is crucial for generating the correct EFT file format that will be sent to the bank. D. Import the payment model into the Electronic reporting (ER) repository. This step involves importing the payment model that the ER configuration will use to generate the EFT file. The payment model includes the specific details and structure required for the EFT process.

upvoted 2 times

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Warlock1

8 months ago

Selected Answer: ABD

A. Enable the EFT format as a method of payment within Accounts payable. This step allows you to set up EFT as a payment method for transactions with vendors. B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS). This step involves importing the necessary configurations for EFT into your system through LCS. D. Import the payment model into the Electronic reporting (ER) repository. This step ensures that the payment model is available in the ER repository for use in EFT transactions.

upvoted 1 times

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