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Check out this thread to learn more!
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Bank Facility and L/C T/R
Hi
I like to know what module do Netsuite Have to treat with bank facility.
it is
1-Letter of Credit (L/C) at sight or time(90days of B/L date)
2-Trust Receipt (T/R) time 120days
Firest example:
1jan2013 I bought 100000$ from vendor
15jan2013 open L/C to vendor from my bank
30jan2013 vendor shipped goods
1feb2013 vendor send document to my bank under L/C90days
15feb2013 i withdrew document under L/C from bank and received goods
30april2013 bank will pay to vender the amount 100000 and i pay bank
Second example :
1jan2013 I bought 100000$ from vendor
30jan2013 vendor shipped goods
0