The company uses Average Costing and Inventory Periods.

Inventory for July is closed, and Allow Posting From is set to August 1, 2020.

A freight invoice posted on August 8, 2020 relates to a purchase receipt dated July 15, 2020.

When you run Adjust Cost – Item Entries, the system must post the adjustment, but it cannot post in July (the period is closed).

Instead, Business Central posts the adjustment on the earliest allowed posting date → August 1, 2020.

You don’t assign a purchase account directly on the G/L account.

Instead, the system uses the combination of the General Business Posting Group (vendor side) and General Product Posting Group (item/service side).

In the General Posting Setup table, this combination points to the appropriate Purchase Account in the chart of accounts.

Thus, the correct answer is C.

In Dynamics 365 Business Central, vendor payments can be automatically suggested in the Payment Journal based on open vendor ledger entries (posted purchase invoices, credit memos, etc.).

Steps:

Navigate to Payment Journals

Go to Cash Management → Payment Journal. This is the dedicated journal for processing vendor payments.

On the Prepare tab, select Suggest Vendor Payments

This function automatically pulls in open vendor invoices that are due, according to vendor terms and due dates.

On the Options page, enter the posting date and enable Summarize per Vendor

The posting date ensures all payments are created for the correct accounting period.

Enabling Summarize per Vendor ensures that multiple invoices for the same vendor are grouped into one payment line. This matches the requirement to "summarize based on the vendor invoices."

(Optional) After this process, you can review, apply entries, and then post the journal or print remittance advice.

Other options in the list:

General Journals → not the right journal for vendor payments (Payment Journal is correct).

Support Employee Payments → used for employee ledger entries, not vendors.

Print Remittance Advice → occurs after posting, not part of setup/configuration.

Microsoft Learn References

Suggest Vendor Payments

Work with Payment Journals

The Custom Report Layouts page allows you to manage and update layouts (Word or RDLC) for a given report object. However, simply updating the layout does not make a new report object the system default. You must still assign the new report in Report Selection – Purchase. Thus, this solution does not meet the goal.

The company requires multiple number series for Raw Materials, WIP, and Finished Goods, with unique prefixes, selectable at item creation, and automatic assignment. In Dynamics 365 Business Central, number series are configured in a structured order:

Create a number series.

Define unique number series for each item type (e.g., RM-#### for Raw Materials, WIP-####, FG-####).

Specify starting/ending numbers and format.

Create relationships between the number series.

Relationships allow the user to select among multiple number series when creating an item.

This ensures that at item creation, the correct prefix (series) can be chosen.

Enable the ability to use default numbers.

On the number series setup, set Default Nos. = Yes to enable automatic numbering when a new item is created.

Set the default number series on the Inventory Setup page.

Finally, assign the relevant number series as the default for items in Inventory Setup.

This ensures automatic numbering, but still allows selection of other related series when needed.

This sequence satisfies all requirements:

Unique series per item type → Done in step 1.

Selectable at creation → Handled in step 2.

Automatic number assignment → Steps 3 and 4 ensure automation with flexibility.

Microsoft Learn References

Create Number Series

Use Number Series in Business Central

Inventory Setup

Comprehensive Detailed Explanation

When creating or configuring new companies in Microsoft Dynamics 365 Business Central, there are different tools with specific roles:

Assisted Setup

Provides guided wizards to help you create a new company quickly, entering the first essential details like company name, address, VAT registration, etc.

Useful for getting the company started before loading more detailed configuration.

RapidStart Services

A framework in Business Central used for data migration and configuration tasks.

It allows you to create a set of setup tasks (like payment methods, posting groups, dimensions) and run them in a defined sequence. Users can mark tasks as done once finished.

Ideal for structured implementations.

Configuration Questionnaire

A part of RapidStart, used to template existing setup and data (master data, posting groups, setups) into packages.

These templates can then be applied to a new company in one process, essentially cloning configuration from an existing company.

Microsoft Learn References

Assisted Setup

RapidStart Services Overview

Configuration Packages and Questionnaires

When configuring bank accounts in Dynamics 365 Business Central, there are two key aspects:

Bank Account Nos.

Controlled in the General Ledger Setup.

This setup determines the default number series used when you create new bank accounts.

Correct assignment: General Ledger Setup.

G/L Account for the bank account

Each bank account in Business Central must be linked to a unique G/L account to ensure proper postings of deposits, payments, and reconciliations.

This is controlled by the Bank Account Posting Group, where you specify the G/L account that represents that bank account in the chart of accounts.

Correct assignment: Bank Account Posting Group.

Why not the others:

Cash Flow Setup and Source Code Setup are unrelated to defining number series for bank accounts.

General Business Posting Group and General Posting Setup handle VAT and revenue/cost account mapping, not bank account posting.

Bank Account Currency Code defines the currency of the bank account, but not its link to a G/L account.