Create a letter of guarantee request for a project quotation

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

A letter of guarantee can be issued for a project quotation transaction between a principal and a beneficiary. After the project quotation is created, the principal can create a letter of guarantee request for the beneficiary and submit it to the bank. When the bank approves the request, the letter of guarantee is issued to the beneficiary. For more information, see About letter of guarantee.

Create a project quotation

Use the Project quotation form to create a project quotation with the Bank document type as Letter of guarantee.

Note

Before you can set the Bank document type, you must select the Bank document check box in the Configuration form, and then use the General ledger parameters form to activate the letter of guarantee. For more information, see Activate the letter of guarantee.

  1. Click Sales and marketing > Common > Sales quotations > All quotations.

  2. Click Project quotation to create a new project quotation.

  3. In the Account type field, select Customer.

  4. In the Customer account field, select the customer that has requested the letter of guarantee.

  5. Click the General FastTab, and in the Bank document type field, select Letter of guarantee. Enter any other required details.

  6. Click OK to close the Create quotation form and return to the Project quotation form.

Create the letter of guarantee request for a project quotation

You can request a letter of guarantee for a customer using the Project quotation form. After you make a request, you must submit it to the bank for approval.

  1. In the Project quotation form, click the Lines FastTab.

  2. Click New to create a project quotation line for an item, and then specify the following: Transaction type, Project category, Quantity, Line property, and Unit price.

  3. On the Action Pane, click the Quote tab.

  4. In the Bank document group, click Letter of guarantee to open the Letter of guarantee form. For information about how to create the request, submit it to the bank, and issue the letter of guarantee to the beneficiary, see Request and issue the letter of guarantee.

  5. Close the forms to save your changes.

See also

Increase or decrease the letter of guarantee value

Liquidate, extend, or cancel a letter of guarantee

Letter of guarantee (form)