Exam MB-330 topic 4 question 9 discussion

Actual exam question from Microsoft's MB-330

Question #: 9
Topic #: 4

HOTSPOT -
A company has several vendors who require 1099s.
You need to set up the vendors so that year-end reports can be correctly generated.
What should you do? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
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Suggested Answer:

by Pauline_z at Oct. 25, 2021, 2:09 p.m.

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EllieG

Highly Voted 10 months, 2 weeks ago

this question shouldn't be in the exam - it is so very US specific.

upvoted 19 times

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globeearth

Most Recent 5 months, 1 week ago

Given answers are correct. Option A: Edit invoice lines, edit settlement, and add manual 1099 transactions Why: This option provides a comprehensive approach to add or edit 1099 data: Invoice lines: Captures 1099 details at the transaction entry point. Settlement: Corrects or updates 1099 data during payment. Manual transactions: Covers exceptions or adjustments. Together, these ensure all vendor payments are correctly tagged for year-end 1099 reports.

upvoted 1 times

globeearth

4 months, 4 weeks ago

Set up vendors for 1099 reporting - https://learn.microsoft.com/en-us/dynamics365/finance/localizations/usa/noam-usa-set-up-vndrs-1099-rprtg

upvoted 1 times

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Pauline_z

1 year, 3 months ago

https://docs.microsoft.com/en-us/dynamics365/finance/localizations/noam-usa-year-end-1099-reporting

upvoted 3 times

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