Configure letters of credit and guarantees in Dynamics 365 Finance
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.
Functional Consultant
Dynamics 365
Finance
Module Objectives
In this module, you will learn how to:
- Configure and process letters of credit.
- Configure and process letters of guarantee.
Units
Prerequisites
- Basic understanding of finance and accounting processes
- The ability to use Finance for basic processing
- General knowledge of basic navigation in Finance
- Understand how to set up General ledger in Finance