Name: HADAB POS
Price: 1500 SAR

Letters of guarantee & letters of credit

Letters of guarantee & letters of credit: (Accounting plan): Finance → Guarantees & LCs , tab Guarantees or LCs , th

Windows — version 1.0.161 — 150 MB

Letters of guarantee & letters of credit

needs the Accounting plan

(Accounting plan):

Finance → Guarantees & LCs, tab Guarantees or LCs, then «New»: type (bid, performance, advance payment, maintenance…), bank, number, amount, expiry and the cash margin if any (taken from the bank to LG margins 1176 or LC margins 1177). Link a guarantee to a contract or an LC to a supplier.
On a guarantee: extend (new date and fees), raise/lower the margin, release (margin back to the bank) or claim if the bank paid the beneficiary.
On an LC: settle the supplier (from the margin, the rest from the bank; the supplier balance goes down), extend or cancel.
A wrong move can be undone (the last move).
The top shows the open amounts per bank, and smart alerts warn you 30 days before expiry.

If you get stuck on any step, ask the smart assistant inside the program.

Applies to these systems