Payment by letter of Credit against Purchase order

When we are purchasing from Foreign Vendors , we need to open a Letter
of credit (LC) .
Depending on the terms of Purchase order , Vendor will discount it /get
payment from Bank on submitting LC and other necessary documents.
Vendor's Bank, at appropriate Time will send the same to Customer's Bank
How to mapped this scenario in SAP-MM and FI .
Activities required to be updated against Purchase order :
(1) Payment Terms : 100 % against LC on delivery
(2) History should reflect LC opened - Date and Bank Name which
Vendor has suggested, our company's Bank Name
(3) LC discounted details
(4) LC payment due date to our company Bank - as Procurement needs
to inform to Finance for this.
Any help will be highly appreciated.
Thanks and Best Regards,

When we are purchasing from Foreign Vendors , we need to open a Letter
of credit (LC) .
Depending on the terms of Purchase order , Vendor will discount it /get
payment from Bank on submitting LC and other necessary documents.
Vendor's Bank, at appropriate Time will send the same to Customer's Bank
How to mapped this scenario in SAP-MM and FI .
Activities required to be updated against Purchase order :
(1) Payment Terms : 100 % against LC on delivery
(2) History should reflect LC opened - Date and Bank Name which
Vendor has suggested, our company's Bank Name
(3) LC discounted details
(4) LC payment due date to our company Bank - as Procurement needs
to inform to Finance for this.
Any help will be highly appreciated.
Thanks and Best Regards,

Similar Messages

  • Advance payment against Purchase order/Work Order: F-47

    Hi SAP Gurus,
    Our Client's requirement is as follows u2013
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    2. Advance should not exceed total PO/WO value.
    3. Advance against PO should include taxes & conditions maintained in PO/WO
    When I put the purchase order number along with the item number, it is taking into account the basic price for that specific item. This amount is excluding Tax.
    Actually the advance is given against the Purchase Order. So whether it is possible to
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    Amit

    Amit kulkarni,
    For this requirement you have to do validation of the amount field for advance payment againest PO.
    i thiought this is only way to get your requirement
    May be this information is useful to you
    Regards
    Surya

  • Letter of credit in purchasing

    Dear All
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    best regards
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    the import data view in purchase order is displayed or hided based on customizing
    OLME > Foreign trade > control of FT in MM and SD documents > Import views in purchasing documents
    And it will not help you, as standard SAP does not support letter of credits in procurement. the functionality is only there for SD.
    the basis meaning of LOC is to secure that a vendor gets the money for the material delivered. so he needs this control to avoid that he does overdeliveries for which he will never see the money.
    there is nothing for the buying party to see how much of a LOC is already fulflilled. you either do this manually outside SAP, or you have to built your own logic, tables and programs to do it in SAP.
    As a workaround you could create contract which has the amount or the LOC, and do call offs against this contract. So you could use SAP standard transactions to monitor how much you have released and how is left on the contract (respective on the LOC)

  • Vendor outstanding against Purchase order

    Hi Gurus,
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    Hi
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  • Use of Letter of credit for purchase through R/3

    Hi
    Any body can tell me how to use the facility of payment Guaranty - Documentary payment (Letter of Credit) in purchase.
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    Track the Letter of credit with materials receipt
    Retire the letter of credit
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    Prabhakar

    Hi,
    Go through this link.
    http://help.sap.com/saphelp_erp60_sp/helpdata/en/d8/2585347860ea35e10000009b38f83b/frameset.htm
    Thank you,

  • MIGO - Goods Receipt against Purchase order. PO rate dispaly.

    Is it possible to display purchase order line item rate in MIGO - Goods Receipt against purchase order - Quantity tab.
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  • MIGO - GR Against Purchase Order -  Delivery Note # not to Repeat !!

    Hi all,
    Here is a interesting requirement from the business user!!
    Scenario: Currently they are making Goods receipt against Purchase order in Transaction MIGO. Delivery Note # (LFSNR) is entered during Posting.
    Problem: Recently they did MIGO for Purchase order, by mistake they did Goods receipt twice for same vendor delivery note # !
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    Joven,
    If you see transaction VL31, Creation of Inbound Delivery, SAP did the validation for EXTERNAL ID in the Input screen of the Transaction. If we try to repeat the External id #, system throws error message as below.
    "The external ID of the delivery note is not unique (see inb. dely
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  • Goods Receipt Against Purchase Order

    Hi All,
             I am creating a report for goods receipt tracking against purchase order  within in date range .  If any material documant has been canceld ( 101 to 102 or 103 to 104 ) then it (101 or 103) should not be calculate receipt goods. if 105 is pending for any 103 still 103 qty should be add in receipt goods. Is there any Function module for do that or any other logic. plz tell.
    Thanks in Advance.
    Jitendra

    Hi
    Please take a look at the links for sample coding of the function module - BAPI_GOODSMVT_CREATE.
    http://www.sap-img.com/abap/bapi-goodsmvt-create-to-post-goods-movement.htm
    http://www.4ap.de/abap/bapi_goodsmvt_create.php
    <b>Reward points</b>
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  • Cant able to do UD for Goods Receipt Inspection against Purchase Order

    Hi Experts,
    I am facing problem while doing UD for Goods Receipt Inspection against Purchase Order.
    The Problem is,
    "Selected set code does not exist, or data entered is incomplete
    Message no. QV121
    Diagnosis
    Code  in code group * (selected set 1000 in plant ) does not exist.
    Procedure
    Enter a valid combination or complete combination, or make sure that the combination is available in the selected set."
    And the Result Recording for Inspection lot is completed.
    kindly suggest..
    Thanks in Advance,
    Naveen

    Hi Naveen,
    1.     Go to QCC0 > Quality inspection  >  Inspection lot creation  > Maintain Inspection Types > Select 01 (or the type which you are using) and double click on it.
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    3.     Create the same code in QS51 for your plant.
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    Anand Rao

  • Different movt. types for GR against Purchase order and GR against Prd. Ord

    All SAP Gurus,
    Is it possible to have Different movement types for GR against Purchase order and GR against Production Order?
    Regards,

    yes my friend ,
    I dont know abt 131 movement type,i think so it is related to RUN SCHEDULE HEADER(rep scenario),order type is different to that in discrete.
    But you can do one thing for sure,you can try to create a new movement type copy of 101,and make MIGO allowed for the movement type,and you can easily distinguish between two movement type used for receipt two different functions....
    Plz correct me
    Enjoy SAP
    Rahul..

  • I want to print multiple Material no against Purchase Order

    hi i want to display MATNR against Purchase Order
    suppose 10 Material no is there than i want to display 10 material no against that Purchase order.
    thanks.
    laxman sankhla.

    hi
       give PURCHASE ORDER as select options on selection screen .
    select matnr from table EKPO based on PO no.
    save them in internal table .
    loop At internal table .
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    display it any where on report SAP script or SF.
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  • Savings against purchase order

    I heard the savings can be calculated or can be entered in purchase order so that savings can be traced through purchase order. Anybody has any idea about that ?
    The requisitioner put some value in purchase requisition. Buyer will negotiate and finalize the value. So that this will be saving against Purchase Order.

    This is not possible without development. Also, this "saving" is not foolproof since the value in the PR may not reflect the actual value of the item. The saving can be unrealistically high or low depending on the value in the PR.
    I am saying this from my experience. One of my clients wanted this and got it developed. The buyers accepted only those figures which showed them in good light and the other figures were rejected saying that the requisition value is unrealistic. The whole purpose of this was lost.
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  • Contract against purchase order

    Dear All..
                        I want to create purchase order with reference to quantity based contract but i want to know the report contract against purchase order details..
    in ME2L this is not showing any other standard reports available in Standard SAP.
    Regards
    Anand.

    Hi
    In ME2N you can get the PO's pertaining to a contrcat , click on dynamic selection (Shift+F4)
    Open the PO Item details & in the Field Outline Agreement , enter the Contrcat Number & in the Field
    Principal Agmt Item enter the Contrcat item number & execute the report. You will get all the PO's for that Contract
    Thanks & Regards
    Kishore

  • Down payment against Purchase order

    Hi SAP GURU
    i have one queries regarding down payment made against asset puchase order
    I created one asset code, create the PO with accoun assignment categories A, made a advance payment against reference to this PO no .
    when i enter the po number in purchase document field, immediatly asset number coming and showing error message
    You cannot use this transaction type to post to this asset
    Message no. AA834
    Diagnosis
    The transaction type entered belongs to transaction type group 15. According to the specifications for this transaction type group, posting with transactions types belonging to this group are only allowed in specific asset classes (for example, asset classes for assets under construction).
    The asset to which you are posting belongs to class 9000 (chart of depreciation SHV). You cannot post to this class using the transaction type you have entered.
    Procedure
    Check the asset number entered. You may want to allow posting with this transaction type group for the asset class of the asset.
    Can any body suggest what is the right way for the whole scenarion , or i am making some mistake .
    points will be awarded for useful answers
    with regards
    sai krishna

    last week i also faced this problem.
    Please refer sap note number 310368 valuated goods receipt paragraph and they have clearly mentioned about making down payments against asset purchase order without getting debited to asset account.
    You have to make F5 378 message number to be a warning message instead of error message and you have to suppress asset related settings in OB41 posting keys 29 and 39. Posting key 39 is useful when you have down payment request.
    If you have done this, then it will show only warning message during down payment that "purchase order is related to asset" and it will not be debited to asset account. Also after following the above steps, it is not necessary for you to give Acquisition: down payments G/L and Down payment clearing G/L in AO90 transaction code.

  • Fields for Payment against Purchase Order

    Hi Everyone,
    Kindly guide me what are fields where the payment amount against any purchase order gets stored.
    Please also guide me about the transaction code information where we can see the Payment against any Purchase Order (Functional Screen).
    Thanks and Regards

    Hi,
    I'm not sure whether the "payment fields" you mentioned are payment key/Discount Days/Cash Discount Percentage 1? If yes, you can check them in table EKKO.
    There's no payment amount in purchase order, you will need to check payment amount in
    corresponding invoice documents.
    Thanks and regards,
    Polly

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