Components of letters of guarantee
Statement of guarantee letter
• Address number
• Type of speech
• Elementary, Final, Introductory ...
• Date of the meeting
Link the speech General Accounts
• Bank account
• Beneficiary account
• Calculation of letters of guarantee
• Expense account
• Cost center
Open Letter of Guarantee
• Date of opening the letter, and the date of renewal
• Value of the letter of guarantee
• Cover ratio
• Opening Letter
• Restrictions associated with the movement are automatically issued
• The resulting entries can be modified manually
Renew Letter of Guarantee
• Renewal date
• Renewal of the letter
• Restrictions associated with the movement are automatically issued
• The resulting entries can be modified manually
Letter of Guarantee
• The value of the letter of guarantee
• Ramp cover ratio
• The letter raising commission.
• Restrictions associated with the movement are automatically issued
• The resulting entries can be modified manually
Reduced warranty letter
• The value of the letter of guarantee reduction
• Cover reduction ratio
• Reduced speech costs
• Restrictions associated with the movement are automatically issued
• The resulting entries can be modified manually
Cancellation of the letter of guarantee
• Cancellation date
• The value of cancellation expenses
• Restrictions associated with the movement are automatically issued
• The resulting entries can be modified manually
Reports
• Warning of letters that are nearing completion
• Report of closed letters (in period)
• Report of non-completed letters (in a period)
• A report on the movements made in the letters, showing the value of the letter and the value of the cover with each movement
Advantages of letters of guarantee
• Ability to specify user-specific types of letters (initial, final, introductions)
• The letters of guarantee were presented in the general accounts
• Warning letters of guarantee close to completion
• Supporting all movements that take place in the discourse: opening a speech - renewing the speech - raising the speech - reducing the speech - canceling the speech.
• Restrictions associated with the movement are automatically issued, and the resulting constraint can be modified manually
Business Activities Beneficiary
This system is essential, and it needs all companies and commercial and industrial establishments. Which use letters of guarantee whether in tenders, construction, procurement or otherwise
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