Hi all,
Can anyone explain to me how to implement Letter of Credit for AP.
Thank you
Hi Muhammad, welcome to the forum!
I can’t say we’ve USED Epicor’s LOC functionality yet. My company does use LOCs for large international projects, and to be honest, I didn’t even know this existed within Epicor. So… thanks for bringing it to my attention!
If you search for “Letter of Credit” in the help menu, there are several articles (which I’ve started to read through because I’m intrigued).
This provides some step-by-step procedural instruction. Again, haven’t walked through this myself… but this is where I would start exploring.
Hi David.
Thank you for the warm welcome. I already read but maybe it not really complete guide.
But I still do some testing whether it will affected GL and where this LoC will be apply whether at Purchase Order or AP Invoice. I believe there are some rules need to be followed to use LoC function.
Kindly share with me if you have any manual guide from Epicor or any clue how to properly use LoC function in Epicor.
For E10, the ERP Application User Guide has a single page on creating an AP Letter of Credit, but that’s more than any other education document I can find.
https://epicweb.epicor.com/doc/Docs/EpicorERPApplication_UserGuide_102700.pdf
For 2024.1, the Accounts Payable User Guide has pretty much the same information using Kinetic screenshots.
https://epicweb.epicor.com/doc/Docs/Kinetic_AccountsPayablesUserGuide_2024.1.pdf