Question
You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements.
You need to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
- A. Select all the bank accounts for the bank statement files, and then upload all files
- B. Select Account reconciliation on the bank account form
- C. Import bank statements from the Data management workspace Correct
- D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management Correct
- E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file Correct
Explanation
On the Bank statements page of Cash and bank management you use Import statement, and when a file or a zip file holds statements for several accounts you set Import statement for multiple bank accounts in all legal entities to Yes and upload it. Bank statements can also be imported through the data entity framework, which is the Data management workspace. Selecting every bank account and uploading all files does not work because the accounts are identified from the statement contents. Account reconciliation on the bank account form is a setting, not an import action.
