Cash-backed Letter of Credit Payment Tracker

Description

Know the stage of cash backed LC mode of payment

Industry

Healthcare

What you will learn

  • How the solution works and how it will impact your performance in the Finance/Accounts department

Objectives

Know when to follow up for Vendors Payment

  • To know when to follow up with the issuing bank to ensure that foreign supplier or vendor gets credited without delay. Give a proper accounting and ensure that Vendors ledger is Debited only when he receives payment

Benefits

Gives more confidence in financial reporting. Ensures accuracy and consistency in the rate being used in the payment process.

Variables

  • 1 File

Reviews

4.7
Based on 2 reviews
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1 stars
Admin – July 18, 2021:

Definitely recommended

Admin – July 18, 2021:

Was a good read