A client needs guidance on month-end closing procedures.
The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month.
You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
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A. B. C. D. E.ACE.
To configure Dynamics 365 Finance to allow only the Accounts payable and General ledger teams to transact during the month-end closing period, the following three actions should be performed:
A. Create an access group called month end access for Accounts payable and General ledger team members: An access group is a collection of users that are authorized to perform specific actions within Dynamics 365 Finance. In this case, an access group should be created for the Accounts payable and General ledger teams who will be allowed to transact during the month-end closing period. This access group can be named "month end access".
B. Set all modules to none to prevent any transactions from being posted: To prevent any transactions from being posted during the month-end closing period, all modules should be set to none. This will ensure that no transactions can be posted, except for the Accounts payable and General ledger teams who are part of the month end access group.
C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only: In Dynamics 365 Finance, the financial period close workspace tasks can be configured to restrict access to only the required users or groups. In this case, the tasks should be configured to allow only the Accounts payable and General ledger teams who are part of the month end access group to access and perform the tasks.
Therefore, the correct three actions that should be performed are A, B, and C.
D. Move the period status to on hold for your client's one legal entity: This action is not necessary to achieve the desired outcome of allowing only the Accounts payable and General ledger teams to transact during the month-end closing period. Moving the period status to on hold would prevent any transactions from being posted, but this is already achieved by setting all modules to none as explained in option B.
E. Assign the security group month end access on the ledger calendar form for the modules they need access to: This action is also not necessary since the access group created in option A can be used to restrict access to the required modules. The access group can be assigned the necessary permissions on the modules they need access to.