Configure letters of credit and guarantees in Dynamics 365 Finance
Note
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Letters of credit are bank documents that are commonly used for the purchase and sale of goods across international borders. A letter of guarantee is an agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary) if a bank customer (the principal) defaults on a payment or an obligation to the beneficiary.
Learning objectives
In this module, you learn how to:
- Configure and process letters of credit.
- Configure and process letters of guarantee.
Prerequisites
- Basic understanding of finance and accounting processes.
- The ability to use Dynamics 365 Finance for basic processing.
- General knowledge of basic navigation in Dynamics 365 Finance.
- Understand how to set up General ledger in Dynamics 365 Finance.