Process a letter of guarantee

• 10 minutes

This procedure explains the letter of guarantee process that occurs after the configuration has been completed in the previous unit.

To create a sales order with a letter of guarantee, follow these steps:

1. Go to Accounts receivable > Orders > All sales orders.
2. Select New.
3. In the Customer account field, enter or select a value.
4. Expand the General section.
5. In the Site field, enter or select a value.
6. In the Warehouse field, enter or select a value.
7. In the Bank document type field, select Letter of guarantee.
8. Select OK.
9. In the Item number field, enter or select a value.
10. In the Unit price field, enter a number.
11. Expand the Line details section.
12. Select the Delivery tab, and then set the Delivery date control to None
13. In the Requested ship date field, enter a date.
14. In the Confirmed ship date field, enter a date.

Process a letter of guarantee request

1. On the Action Pane, select Manage.
2. Select Letter of guarantee.
3. On the Action Pane, select Letter of guarantee.
4. Select Request to open the drop dialog.
5. In the Type field, enter or select a value.
6. In the Value field, enter a number.
7. In the Expiration date field, enter a date and time.
8. Select OK.
9. Close the page.

Submit a letter of guarantee to the bank

1. Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
2. In the list, find and select the desired record.
3. Select Submit to bank to open the drop-down dialog box.
4. In the Bank account field, enter or select a value.
5. Select OK.

Receive a letter of guarantee from the bank

1. Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
2. Select Receive from bank to open the drop-down dialog box.
3. In the Bank number field, type a value.
4. Verify the values in the calculated Margin and Expense fields.
5. Select OK.
6. Expand the Actions section.
7. Verify the Receive from bank record.
8. Select to follow the link in the Journal batch number field.
9. Select Lines.
10. Verify the posting of journal entries.
11. Close the page.

Process a Give to beneficiary record for a letter of guarantee

1. Go to Accounts receivable > Orders > All sales orders.
2. In the list, select the link of the last sales order that you created.
3. On the Action Pane, select Manage.
4. Select Letter of guarantee.
5. On the Action Pane, select Letter of guarantee.
6. Select Give to beneficiary to open the drop-down dialog box.
7. Select OK.
8. Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
9. In the list, find and select the desired record.
10. Select Give to beneficiary to open the drop-down dialog box.
11. Select OK.
12. Expand the Actions section.
13. Validate the Give to beneficiary record.

Increase the value of a letter of guarantee

1. Go to Accounts receivable > Orders > All sales orders.
2. In the list, select the link of the last sales order that you created.
3. On the Action Pane, select Manage.
4. Select Letter of guarantee.
5. On the Action Pane, select Letter of guarantee.
6. Select Increase value to open the drop-down dialog box.
7. In the Value to add field, enter a number.
8. Select OK.
9. Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
10. In the list, find and select the desired record.
11. Select Increase value to open the drop-down dialog box.
12. Select OK.
13. Expand the Actions section.
14. Verify the Increase value record.
15. In the list, find and select the desired record.
16. Select to follow the link in the Journal batch number field.
17. Select Lines.
18. Verify the posted journal entries.

Liquidate a letter of guarantee

1. Go to Accounts receivable > Orders > All sales orders.
2. In the list, select the link of the last sales order that you created.
3. On the Action Pane, select Manage.
4. Select Letter of guarantee.
5. On the Action Pane, select Letter of guarantee.
6. Select Liquidate to open the drop-down dialog box.
7. Select OK.
8. Go to Cash and bank management > Letters of guarantee > Letters of guarantee.
9. In the list, find and select the desired record.
10. Select Liquidate to open the drop-down dialog box.
11. Select OK.
12. Expand the Actions section.
13. Verify the Liquidate record.
14. In the list, find and select the desired record.
15. Select to follow the link in the Journal batch number field.
16. Select Lines.
17. Verify the posted journal entries.
18. Close the page.