Financial - JDE1 (MOSC)

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Using prepayments for Letters of Credit

edited Mar 5, 2018 4:03AM in Financial - JDE1 (MOSC) 1 commentAnswered

Hi Community

We have a requirement to track LCs in E1

the scenario is ;

the bank applies the LC to our bank account so the funds are allocated

the supplier is notified, ships the product  and sends the invoice

the product arrives and the funds are released to the supplier

the product is received and the supplier invoice is voucher matched

How has anyone handled this in E1? Does anyone know if prepayment setup can handle this e.g. set the prepayment up and follow the process through but arrange the  accts so the bank account does not get impacted twice

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