How to: Apply a Letter of Credit to a Purchase Order

You can apply a letter of credit to a purchase order. If a letter of credit has been created as a foreign type letter of credit, then the purchase order can be created using any currency except the local currency (LCY). For more information, see About Using Additional Reporting Currencies.

To apply a letter of credit to a purchase order

  1. In the Search box, enter Purchase Orders, and then choose the related link.

  2. Select the required purchase order, and on the Home tab, in the General group, choose Edit.

  3. On the Tax Information FastTab, in the LC No. field, select the letter of credit number.

    Note

    Only the released letter of credit number details will appear in the LC No. field.

  4. On the Actions tab, in the Functions, choose the Release button.

  5. On the Actions tab, in the Posting group, choose Post.

  6. In the dialog box, select one of the following options:

    • Receive

    • Invoice

    • Receive and Invoice

  7. Choose the OK button.

To view a letter of credit for a posted purchase order

  1. In the Search box, enter LC Detail, and then choose the related link.

  2. On the Navigate tab, in the LC Details group, choose Posted Orders.

  3. Select the required posted purchase order, and on the Actions tab, in the General group, choose Navigate.

  4. To view the transaction details, select the required transaction, and on the Actions tab, in the General group, choose Show.

  5. Choose Close.

See Also

Tasks

How to: Set Up a Letter of Credit
How to: Create a Letter of Credit
How to: Post Letter of Credit Charges
How to: Update a Letter of Credit

Other Resources

About Using Additional Currencies