In Dynamics 365 Finance, what is the purpose of an aging period definition?

To categorize customer balances based on how long they have been outstanding

To specify the sequence of collection letters

To define the interest rate applied to overdue balances

To determine the credit limit for each customer

A company's collections team is overwhelmed with manual follow-ups. They want to automate the creation of collection tasks for agents when an invoice becomes 30 days past due. Additionally, they want to send a collection letter at 60 days past due, but only for customers with a balance over $500. The company also wants to track the effectiveness of each collection activity. What should you configure?

Set up collection activities with a 30-day aging period and a collection letter sequence with a 60-day action and a minimum balance condition.

Create a single collection letter for both 30 and 60 days and manually assign tasks to agents.

Run the aged balances process daily and have agents manually create tasks and send emails.

Configure credit holds for all customers over 30 days past due and release them after payment.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 2

Manage Credit and Collections MB-310 Practice Questions (Page 2)

Part of the Implement accounts receivable, credit, collections, and subscription billing domain, which accounts for 15–20% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~6–13 in this domain), expect 2–4 from this objective — we provide 47 practice questions to prepare you well beyond it. (estimate)

47questions here

10free pages

9concepts

15–20%of the exam

Questions 6–10

6foundation · easy
In Dynamics 365 Finance, which configuration component is used to define the rules that determine when a customer's credit limit is checked during sales order entry?
Select an answer first
7foundation · easy
In Dynamics 365 Finance, which process is used to identify customers with overdue payments and create a snapshot of their balances for collections analysis?
Select an answer first
8foundation · easy
In Dynamics 365 Finance, what is the purpose of an aging period definition?
Select an answer first
9foundation · easy
Which feature in Dynamics 365 Finance allows collections agents to view a consolidated list of customers with overdue balances and their collection activities?
Select an answer first
10expert · hard
A company's collections team is overwhelmed with manual follow-ups. They want to automate the creation of collection tasks for agents when an invoice becomes 30 days past due. Additionally, they want to send a collection letter at 60 days past due, but only for customers with a balance over $500. The company also wants to track the effectiveness of each collection activity. What should you configure?
Select an answer first

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Manage Credit and Collections MB-310 Practice Questions (Page 2)

Questions 6–10

In Dynamics 365 Finance, which configuration component is used to define the rules that determine when a customer's credit limit is checked during sales order entry?

In Dynamics 365 Finance, which process is used to identify customers with overdue payments and create a snapshot of their balances for collections analysis?

In Dynamics 365 Finance, what is the purpose of an aging period definition?

Which feature in Dynamics 365 Finance allows collections agents to view a consolidated list of customers with overdue balances and their collection activities?

Keep studying — Implement accounts receivable, credit, collections, and subscription billing