Understanding Lecops

You can enter receipts with the government-issued Provincial Obligation Letters (Lecops) as the payment instrument. You can also create a report of receipts paid with Lecops and their nominal values.

When you enter a receipt by using the Lecops payment instrument, the system selects the Nominal Value field on the Draft Entry form.

If the receipt uses dollars as the currency, you can enter the receipt in dollars and the draft value in pesos, and the system converts the draft amount to dollars.

When you print receipts with the Lecops payment instrument, the Drafts Printer program (R76A6270) includes the nominal value of the receipt.