Bank Gaurantee by anant_danve


									Bank Guarantee
Description of Process: As per SO terms, customer would open BG. On dispatch of material
and submission of sales invoice, customer as per payment terms would make the payment.
BG needs to tracked and closed after payment by the customer. If supplier invokes BG, then
payment is made by the bank. The amount is credited to supplier accordingly. The same
needs to be accounted and tracked.

Mapping to Oracle Apps:

?The Bank Guarantees given by the Customer would be entered as Commitment
?Enter commitment - Create a guarantee
?Offset against Invoice - Enter invoices against the deposits and guarantees and apply the
commitments against the invoice.

Receivables automatically create the adjusting accounting entries

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