D365 Functional Consultant Interview Questions and Answers

Financial posting after invoices are posted includes updating the general ledger and accounts payable/receivable.

• Invoices are typically posted to accounts payable or accounts receivable

• General ledger is updated with the transaction details

• Accounts payable/receivable balances are adjusted accordingly

Sales and procurement process involves the steps taken to acquire goods or services from suppliers and sell them to customers.

• Sales process involves identifying leads, converting them to opportunities, creating quotes, and closing deals.

• Procurement process involves identifying needs, selecting suppliers, negotiating contracts, and receiving goods/services.

• Both processes involve order processing, invoicing, and payment.

• Integration with inventory management and financial system...read more

Important steps after creating a legal entity

• Set up the organization hierarchy

• Configure financial dimensions

• Define chart of accounts

• Set up legal entity address and contact information

• Configure security roles and permissions