A United States-based company uses [Dynamics 365 Finance to collect and report sales tax.

Microsoft MB-310 Question Answer

A United States-based company uses [Dynamics 365 Finance to collect and report sales tax. The company has a main account for each state where they collect and report sales tax.

The system must transfer the tax liability for each state to their respective main account automatically every month when they run the settle and post sales tax process.

You need to configure Dynamics 365 Finance.

What should you do?

Create a sales tax authority for each state and associate the authority with the respective main account.

Create a sales tax settlement period for each state.

Create a sales tax ledger posting group for each state. Associate a settlement account to a main account for vendor accounts in the vendor posting profile.

Select a vendor account during the sales tax group setup.

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Microsoft MB-310 Summary

Vendor: Microsoft
Product: MB-310
Update on: Feb 21, 2026
Questions: 345

Price: $52.5 ~~$149.99~~

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A customer implements Dynamics 365 Finance.

You are implementing cost management for a company.

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A United States-based company uses [Dynamics 365 Finance to collect and report sales tax.

The Answer Is:

Microsoft MB-310 Summary

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