You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements.
You need to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
To import electronic bank statements to reconcile bank accounts, you can use the Data Management workspace to import bank statements, navigate to the Import statement option on the Bank Statements page of Cash and Bank Management, and select Import statement for multiple bank accounts in all legal entities, and then upload a zip file. These actions provide complete methods to import statements as required.
Prithv I don't agree. E is correct. The help text says :" You can use a zip file to upload multiple statement files to Finance in a single process. To import multiple bank statement files for multiple accounts, combine all the bank statement files into one zip file."
What about C, D, E it seems like B is not actually a way of importing bank statements but a way of formatting them, but CDE are all ways of importing.
As this is something the company likely want to do easily without having to rely on an administrator, I will go for BDE. These represents complete solution for an end user without additional admin intervention. Of course you can setup data management to import bank statements but you want to consider whether this is a one of migration or an integration.
Correct answer is B,C,D. E is incorrect. https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/set-up-advanced-bank-reconciliation-import-process
C is not correct https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/set-up-advanced-bank-reconciliation-import-process. As you can see from link, data management is only importing the bank statement formats, not the bank statement itself. Correct answer is BDE.
CDE correct
There are a lot of conflicting responses here; based on the link provided: "1. Go to Workspaces > Data management. 2. Click Import. ..... 1. Go to Cash and bank management > Bank accounts.... On the Bank statement page, click Import statement." These make me believe that both C and D are correct. Lastly, "Go to Cash and bank management > Bank accounts. Select the bank account, and open it to view the details. On the Reconciliation tab, set the Advanced bank reconciliation option to Yes." This sounds like what B describes, please correct if that's incorrect
https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/reconcile-bank-statements-advanced-bank-reconciliation#import-an-electronic-bank-statement according to this page, E is also correct
C D E is correct, B is incorrect
Hi everyone B is the Correct answer as you don't need to import a Camt.53 file from the data management module. You have the option at the reconciliation of the bank and select the desired format that it is also a provided by the new module of the Electronic Reporting.
which one is correct I am confused between C and D
BCD is correct. https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/set-up-advanced-bank-reconciliation-import-process
Correction: BD&E
BCD seems correct
which is correct please? BCD ?
Should be CDE
There is no way to import a statement from "B". You can however do it from "C"(data Management Framework" if you don't want to upload it automatically from bank statement.
No one has disproven then first statement: there is no way to import a statement from "B." I've never done imported a bank statement from DM WS, but it makes more sense than "B."
A and D are basically the same thing, the answer that is correct and the one i plan to go for is A C D. - B is used to enable the advanced bank reconciliation feature for a bank account, not to import bank statements.
I meant A and E are basically the same thing...
C,D,E are correct
BDE is correct
Import bank statements from the Data management workspace ©: This allows you to use the Data management framework to import bank statement files. Navigate to Import statement on the Bank Statements page of Cash and Bank Management (D): This provides a direct way to import bank statements from the Cash and Bank Management module. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file (E): This option enables you to import statements for multiple bank accounts across different legal entities by uploading a zip file containing the bank statement files.
C is no longer correct because the function to import bank statement via DMF is already deprecated as of 2022, https://learn.microsoft.com/en-us/dynamics365/finance/cash-bank-management/set-up-advanced-bank-reconciliation-import-process B is the current supported method. => Correct answer as of 2024: BDE
Given that option A is incorrect due to the requirement to zip multiple statement files for bulk imports in the Cash and Bank Management module Given that option B is incorrect due to [B] is a configuration step to enable Advanced bank reconciliation on a bank account. While necessary for automatic reconciliation, it does not involve the actual import of bank statements, which is the focus of the question. So the remaining answers, CDE are correct