Accounts Payable Module: Setting Limits for Charges in Microsoft Dynamics 365 Finance

Configuring Limits for Charges in the Accounts Payable Module

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Question

You are configuring the Accounts payable module for a company.

The company needs to set a limit on the charges they will pay for specific items.

You need to set up the limit for charges.

Which two actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D. E.

AB.

To set up a limit on charges for specific items in the Accounts payable module of Dynamics 365 Finance, you need to perform the following two actions:

B. Enter the maximum amount when you set up the charges code: When you set up the charges code, you can define the maximum amount that the company will pay for that item. This is the maximum charge amount for that code. To do this, follow these steps:

  1. Go to Procurement and sourcing > Charges > Charges codes.
  2. Create or select the charges code that you want to set a limit on.
  3. In the Charges code form, select the Setup fast tab.
  4. In the Maximum charge amount field, enter the maximum amount that the company will pay for this charge code.

E. Define the maximum charge amount on the vendor record: You can define the maximum charge amount for a vendor on the vendor record. This allows you to set different limits for different vendors. To do this, follow these steps:

  1. Go to Accounts payable > Vendors > All vendors.
  2. Create or select the vendor that you want to set a limit for.
  3. In the Vendor form, select the Purchase tab.
  4. In the Maximum charge amount field, enter the maximum amount that the company will pay for charges associated with this vendor.

Therefore, the correct answers are B and E.

However, it's worth noting that option A (Enable invoice matching validation in the Accounts payable parameters) and option D (Set the maximum charge amount in the Accounts payable parameters) are not directly related to setting a limit on charges. Option C (Use budget control with the specified charges code) is also not directly related to setting a limit on charges, but it can help control spending and ensure that charges stay within the defined limits.

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