Letter of guarantee transaction
This procedure walks through the Letter of guarantee process.
The following tasks must be complete before completing this procedure:
Set up bank facilities and posting profiles for a letter of guarantee.
Create a bank facility agreement for a letter of guarantee.
This procedure uses the USMF demo company.
Create Sales Order with Letter of Guarantee
- Go to Accounts receivable > Orders > All sales orders.
- Click New.
- In the Customer account field, enter or select a value.
- Expand the General section.
- In the Site field, enter or select a value.
- In the list, click the link in the selected row.
- In the Warehouse field, enter or select a value.
- In the list, click the link in the selected row.
- In the Bank document type field, select Letter of guarantee.
- Click OK.
- In the Item number field, enter or select a value.
- In the Unit price field, enter a number.
- Expand the Line details section.
- Click the Delivery tab.
Note
Select Delivery date control = None
- In the Requested ship date field, enter a date.
- In the Confirmed ship date field, enter a date.
Process letter of guarantee_Request
- On the Action Pane, click Manage.
- Click Letter of guarantee.
- On the Action Pane, click Letter of guarantee.
- Click Request to open the drop dialog.
- In the Type field, enter or select a value.
- In the list, click the link in the selected row.
- In the Value field, enter a number.
- In the Expiration date field, enter a date and time.
- Click OK.
- Close the page.
Process letter of guarantee_Submit to bank
- Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
- In the list, find and select the desired record.
- Click Submit to bank to open the drop dialog.
- In the Bank account field, enter or select a value.
- In the list, click the link in the selected row.
- Click OK.
Process letter of guarantee_Receive from bank
- Click Receive from bank to open the drop dialog.
- In the Bank number field, type a value.
- Verify the values in the calculated Margin and Expense fields.
- Click OK.
- Expand the Actions section.
- Verify the 'Receive from bank' record.
- Click to follow the link in the Journal batch number field.
- Click Lines.
- Verify the posting of journal entries.
- Close the page.
Process letter of guarantee_Give to beneficiary
- Go to Accounts receivable > Orders > All sales orders.
- In the list, click the link in the selected row.
- On the Action Pane, click Manage.
- Click Letter of guarantee.
- On the Action Pane, click Letter of guarantee.
- Click Give to beneficiary to open the drop dialog.
- Click OK.
- Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
- In the list, find and select the desired record.
- Click Give to beneficiary to open the drop dialog.
- Click OK.
- Expand the Actions section.
- Validate the 'Give to beneficiary' record.
Process letter of guarantee_Increase value
- Go to Accounts receivable > Orders > All sales orders.
- In the list, click the link in the selected row.
- On the Action Pane, click Manage.
- Click Letter of guarantee.
- On the Action Pane, click Letter of guarantee.
- Click Increase value to open the drop dialog.
- In the Value to add field, enter a number.
- Click OK.
- Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
- In the list, find and select the desired record.
- Click Increase value to open the drop dialog.
- Click OK.
- Expand the Actions section.
- Verify the 'Increase value' record.
- In the list, find and select the desired record.
- Click to follow the link in the Journal batch number field.
- Click Lines.
- Verify the posted journal entries.
Process letter of guarantee_Liquidate
- Go to Accounts receivable > Orders > All sales orders.
- In the list, click the link in the selected row.
- On the Action Pane, click Manage.
- Click Letter of guarantee.
- On the Action Pane, click Letter of guarantee.
- Click Liquidate to open the drop dialog.
- Click OK.
- Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
- In the list, find and select the desired record.
- Click Liquidate to open the drop dialog.
- Click OK.
- Expand the Actions section.
- Verify the 'Liquidate' record.
- In the list, find and select the desired record.
- Click to follow the link in the Journal batch number field.
- Click Lines.
- Verify the posted journal entries.
- Close the page.
Feedback
https://aka.ms/ContentUserFeedback.
Coming soon: Throughout 2024 we will be phasing out GitHub Issues as the feedback mechanism for content and replacing it with a new feedback system. For more information see:Submit and view feedback for