A distribution company wants to identify customers with overdue payments to prioritize collection efforts. They need a report that categorizes outstanding balances into 0-30, 31-60, 61-90, and 90+ days. The report should be available on demand and also sent monthly to the finance manager. What should you configure?

Set up credit holds for all customers with balances over 30 days and review the hold list.

Use the collections agent workbench to view customer balances and manually export to Excel.

Create an aging definition with the specified periods and run the aged balances process to generate the report.

Configure collection letters to be sent at each aging period and rely on customer responses.

A company wants to send a formal notice to customers with invoices overdue by 45 days. The notice should include a summary of all overdue invoices and a request for payment. The company also wants to automatically apply interest charges to these accounts. What should you configure?

Create a collection letter with a 45-day aging period and set up interest notes to run after the letter is sent.

Configure a write-off journal for all overdue invoices and post it.

Create a credit hold for all customers with overdue invoices and send a manual email.

Run the aged balances process and print the report for each customer.

A company wants to analyze its accounts receivable by aging buckets: current, 1-30, 31-60, 61-90, and 90+ days. They also want to identify customers who are in the 90+ bucket for a special collections campaign. What should you configure to support this analysis?

Create an aging definition with the specified buckets and run the aged balances process to view the report.

Set up a collection letter sequence for each bucket and send letters to all customers.

Use the collections agent workbench to manually review each customer's balance.

Configure credit holds for customers in the 90+ bucket and review the hold list.

The credit manager needs a monthly report that shows the total outstanding balance per customer, broken down into aging buckets, to identify high-risk accounts. What should you run?

The Aged Balances report using the configured aging period definition.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 2

Manage Credit and Collections MB-310 Practice Questions (Page 5)

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 21–25

21application · medium
A distribution company wants to identify customers with overdue payments to prioritize collection efforts. They need a report that categorizes outstanding balances into 0-30, 31-60, 61-90, and 90+ days. The report should be available on demand and also sent monthly to the finance manager. What should you configure?
Select an answer first
22application · medium
A company wants to send a formal notice to customers with invoices overdue by 45 days. The notice should include a summary of all overdue invoices and a request for payment. The company also wants to automatically apply interest charges to these accounts. What should you configure?
Select an answer first
23application · medium
A company wants to analyze its accounts receivable by aging buckets: current, 1-30, 31-60, 61-90, and 90+ days. They also want to identify customers who are in the 90+ bucket for a special collections campaign. What should you configure to support this analysis?
Select an answer first
24foundation · easy
Which Dynamics 365 Finance setup is required to run an aging report that shows balances in 0-30, 31-60, and 61-90 day buckets?
Select an answer first
25application · easy
The credit manager needs a monthly report that shows the total outstanding balance per customer, broken down into aging buckets, to identify high-risk accounts. What should you run?
Select an answer first

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Manage Credit and Collections MB-310 Practice Questions (Page 5)

Questions 21–25

A company wants to send a formal notice to customers with invoices overdue by 45 days. The notice should include a summary of all overdue invoices and a request for payment. The company also wants to automatically apply interest charges to these accounts. What should you configure?

A company wants to analyze its accounts receivable by aging buckets: current, 1-30, 31-60, 61-90, and 90+ days. They also want to identify customers who are in the 90+ bucket for a special collections campaign. What should you configure to support this analysis?

Which Dynamics 365 Finance setup is required to run an aging report that shows balances in 0-30, 31-60, and 61-90 day buckets?

The credit manager needs a monthly report that shows the total outstanding balance per customer, broken down into aging buckets, to identify high-risk accounts. What should you run?

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