Creating a Vendor Letter of Credit

To create a new letter of credit (LCR) for a vendor, follow these steps:

  1. On the Vendor Letters of Credit form, select Actions > New.
  2. Select the vendor.
  3. Enter the LCR number.
  4. Select the expiration date.
  5. Select the currency type.
  6. Enter a confirmation number.
  7. Select one or more of these types of LCRs:
    • Confirmed
    • Revolving
    • Revocable
  8. Enter the LCR amount.
  9. Select the bank code.
  10. Enter the address, if necessary.
  11. To save the LCR, select Actions > Save.
Related topics
Linking a Vendor LCR to Vendors and Purchase Orders