Bank account and Facility type are not populated - Letter of Credit

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Posted on by lmai

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Hi All,

I'm trying to place a PO using Letter of Credit. At the MANAGE tab, clicked on Letter of credit/import collection. Then a form opened up. In this form, the drop down boxes for Bank account and Facility type were empty. I have configured bank account and Facility type. So they should be available in the drop-down boxes, but they are not. Am I missing something? Thanks so much!

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Community Member on at

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Make sure the below given points:

1. Facility nature "Letter of Credit" has been selected at the time of "Facility types" creation

2. Check the "Bank Facility Agreement", must be created & already created "Facility Type" be selected in the "Bank Facility Agreement" Lines

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Ludwig Reinhard Microsoft Employee on at

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Hello Kim,

Have you followed all the setup steps and also activated the respective parameters?

It sounds that some minor setup has been overlooked.

Please have a look at this and the related docs sites

docs.microsoft.com/.../create-bank-facility-agreement-letter-credit

Best regards,

Ludwig

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zubairalam 151 on at

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Hi Kim,

Please check and verify the Vendor currency with LC facility Currency, this should must be same.

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lmai 2,438 on at

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Hi Hafiz,

The Bank facility agreement has been set up; but it doesn't attach to the facility type..unless there is a work around. So at the Facility type field, how does it pick up the bank. That's why the bank account blank, right? Is there a way that I can attach the screenshot so that I can show my set up? Thanks

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Ludwig Reinhard Microsoft Employee on at

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Hello Kim,

If you save your screenshot as a file then you can upload it via the Use rich formatting site. Just select the link right below the textbox.

Best regards

Ludwig

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lmai 2,438 on at

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Hi Zubair,

Thank you for your response. Yes, it solved the problem. I couldn't imagine how the currency could be the root cause for the Facility type and Bank account not populated. It's weird. What about I make a purchase to vendor whose currency is not USD? I would think this is normal. What do you see from your end? Thanks

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zubairalam 151 on at

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Hi Kim,

For this, you may need to do this workaround;

Clear the filter from Currency in facility type

Now you can select any LC

Thanks.

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