Purchase with Letter of Credit

Hi Experts..
Can we manage purchase transaction with letter of credit in SAP Business One?
Thank you.

Hi ,
Check below threads:
Letter of credit  management using SAP business one
Re: Letter of  Credit management in SAP Business one
Hope this willhelp you.
Thanks,
Neetu

Similar Messages

  • How to deal with Letter of Credit in Oracle Payables ??

    In case of letter of credit, an 100% advance payment is done to bank, Bank charges its commission,
    The letter of credit is for goods imported which is part of inventory. As standard practices of finance, exchange gain/loss and expenses incurred to bring the inventory to its present location and conditions should form part of inventory cost.
    This cost are not known at the time of PO, so only purchase price is ascertain.
    How to track custom duty paid, insurance, freight, and cargo handling expenses incurred on material.
    All this cost should be charged to item and according unit cost should be adjusted.

    Well, when are these other costs known? Perhaps you do not know them until you get the invoice from the supplier? Are you then doing match to invoice (either match to PO or match to receipt?)? What version of EBS are you on? My initial off the top of my head though is that when you match the invoice to receipt, the quantity amount should match, but the cost amount would be higher, by the amount of these extra costs. So you would have to be sure you don't have any match tolerance that would prevent such a match. That would get the entire cost charged to inventory, and the unit cost on that invoice is Cost Amount / Quantity. Without knowing anything about your inventory setup, not sure how that would impact you.
    Of course, if any of my assumptions are wrong, then my thinking will be wrong. Thus would be helpful to supply additional information about your situation.
    John Dickey

  • How do I make an app store purchase with a different credit card?

    I have a credit card for one of my companies that I used to buy the iPhone and create an Apple ID for purchases on the app store. Subsequent to that I created a new company, with its own credit card, and created a new Apple ID specifically for purchases for that company. Now when I go to make a purchase on the app store with my iPhone how do I switch between the two Apple IDs so that the purchase I make uses the appropriate credit card?

    You'll be more likely to get details steps on how to change the Apple ID on your iPhone if you ask in the iPhone forum. This forum is for the Mac App Store, and the interface in that app is very different.
    Regards.

  • Credit management activation with letter of credit

    Hi Sap guru
    I have one queries regarding customer credit limit effect with LC document.
    If i creating one LC document for customer after assign to sales order for that perticular customer, it should effect the credit limit of that customer.
    In which field it should effect the custmer credit master FD32.
    in secured liability field , secured receviable field , or the receviable field .
    Can any body tell ,me what is the process of LC attachment with sales order if the credit management is active in company code , and what is the effect in customer credit expouser.
    Thanks in advance .
    Regards
    Anjan Kumar Jha

    Hi Anjan
    It is the aim of every credit policy to reduce the risk represented by customer receivables.
    Along with Credit Management, several other ‘Payment Guarantee Forms’ within the
    business processes are explored. These include letters of credit and payment cards.
    These ‘payment guarantee forms’ differ in the level of security they can offer and are all
    integrated within Risk Management.
    When a payment guarantee is used (for example, a letter of credit), the system first tries to
    provide the optimum in risk minimization. If this is not possible, then Credit Management in
    a second step is used to create a credit limit and therefore restrict the level of risk.
    Letters of credit are used predominantly for large -scale export transactions, whereas cre dit
    while Cards are more important for Retail transactions.
    You create a Letter of credit by using VX11 after creating that you assign that in billing tab of sales order in risk Management Financial doc number.
    keep in mind the incoterms of Letter of Credit and Sales order should be same.
    Reward if helpful
    Thanks & Regards
    Abhishek Swarup

  • Credit Management with Letter of Credit.

    Hi Gurus,
    We need to consider the "Letter of  Credit"  amout in credit management.
    ie. if there is LC created on customer worth Rs. 5lacs, system should not block the sales order unless 5 lacs is consumed.
    Pls suggest any workarounds.
    Reg.
    Amol

    Dear Amol Tamhane,
    Have not worked on 'letter of credit'.
    But if there is any accounting document which gets created due to letter of credit, then you can use the exit for credit management in SALES ORDER LEVEL and write the code to BLOCK THE SALES ORDER ONLY IF
    (CREDIT LIMIT + LETTER OF CREDIT AMOUNT ) - (PREVIOUS EXPOSURE + SALES ORDER VALUE ) < 0
    You can check BSEG, if accounting document gets created for 'letter of credit' or you can check any tables related to letter of credit based on customer code.
    Thanks & Regards,
    Hegal K Charles

  • In trying to make an online purchase with a new credit card but it won't let me?, In trying to make an online purchase with a new credit card but it won't let me?

    Trying to make an online purchase but it is saying contact iTunes  support to make transaction

    Yes it's saying to contact support

  • HT202023 I am unable to make in app purchase with my valid credit card on my account.

    un able to make in app purchases after having a valid credit card placed on my a point. I can make 1-2 purchases before I can't do it any longer. Why is this the case?

    What happens when you try?

  • Purchasing with an International Credit Card?

    Can i buy a Macbook Pro for a freind as a Gift ,who stays in the US and have it paid n billed to my internatinal address and credit card in India,i shall like to know if this is possible and how do i go about doing this.
    Would appreciate all the help possible for this
    Regards
    Aamir

    I have done what you described, they accepted the payment through Amazon, but 2 weeks later sent me an email saying that they ran out of the CPU I selected.
    So they offered me a lower grade CPU or to cancel my order (no compensation was mentioned).
    I chose to keep my order, but they cancelled it anyway without any explanation.
    But the cancellation was not because of the credit card, because the same thing happened with my second order (using a US credit card at the same time).
    So I would say: why don't you try and see for yourself?

  • With iOS 8's family sharing, will family members be able to share apps that they previously purchased with different credit cards with one another for free (given that they will all use the same credit card once iOS 8 comes out)?

    Question 1: In my family of 4, we currently have different Apple ID's and we all use different credit cards to purchase our apps and media. When iOS 8 is released, if we agree to share the same credit card, will we be able to access apps that a family member purchased with their own credit card prior to iOS 8's release? To clarify, under iOS 7, Member 1 has purchased Apps A and B with his credit card. Under iOS 8, if Members 1, 2, 3, 4 decide to use Member 4's credit card, will Members 2, 3, 4 be able to access Apps A and B?
    Question 2: If we all decide to use the same credit card now, once iOS 8 is released, will family members have access to the apps/media purchased by the fourth family member?

    You can read everything that is known about ios 8 on Apples website.
    There is no way for anyone to know any more than that.

  • Letter of Credit functionality and Credit Management

    Hi,
    we want to use Letter of Credit functionality for exports.
    Currently, we have an ERP system that contains the sales data. In a separate system we have the credit management functionality (Financial Supply Chain Mgt - FSCM).
    When order is created, the credit limit is checked in the FSCM system (via PI messages).
    Now, we want to link some of the Sales orders with Letter of Credit. I believe, this is standard functionality in GTS.
    So when Sales Order is created a LOC should be connected to this.
    Can the GTS be connected also to FSCM credit management, so credit limit is not affected?
    Example:
    Sales Order value: 1 Mio USD
    10% down-payment  >   this would be in the credit exposure visible (net exposure).
    90 % covered through LOC  > credit exposure should showing this, or it shows order value and in a negative figure this amount deducted so no effect on exposure.
    Down-payment has no relation to LOC. When money is received for this the net exposure of the sales order is 0.
    partial invoice: 0.4 Mio USD > it should be possible to link this invoice to the LOC. The posting FI document should have some LOC information, so when payment comes in the amount in LOC is reduced as well as in credit management this open.
    Final invoice 0.5 USD: as above, all values go out from exposure if there are any.
    A second case would be guarantees, where there is no reduction of values. This would stay same.
    Anyone who can advise a solution here?
    Thanks + Regards
    Hein

    Letter Of Credit can be used as a standard solution of SAP GTS with ERP solution. Yes you can connect both SAP & no SAP systems with GTS, but plugins, PI etc needs to be built in. But it would not be real time like RFC works. There are some standard available which needs to be hard coded to meet specific requirements.
    Connecting LOC to Sales Order, invoice etc, is manual, based on business specific parameters and it comes standard with SAP GTS. Maintaining Values & Quantity of LOC based on actual LOC from bank is also possible. The depreciation of values & quantities is also standard with in LOC in GTS.
    You can also setup various communication methods for LOC.
    I think when Invoice is raised and payment is received the LOC should be closed in the system. There can also be other scenarios where in system determines LOC based on predefined logics for determination strategy put in to the GTS system.
    Cheers,
    Abir

  • Letter of Credit Updation

    Hi,
    I have an issue with Letter of Credit. I have created an LC using financial document and processed the order and PGI is done. Now the LC value is not getting updated. Even if the order value is greater than the LC value it is getting processed without any warning message.
    Can anyone help me out in resolving this issue. I m working in ECC 6.
    Thanks and regards,
    Surya

    Hi,
    Whether the Credit Management settings are configured or not, the Risk Management settings shall be working.
    Pl check:
    1. In Financial document controls (in SPRO) , you have maintained the TICK MARKS against say, value / incoterms / other parameters that need to be checked
    2. The assignment of Procedure to a combination of Sales order type / customer
    3. Ensure that the procedure is assigned in the Payer master record
    4. Check when you create a Sales order, the procedure is defaulted automatically. You can maintain this manually also.
    5. You can maintain the procedure at the Header / item level
    6. Once the procedure & the Financial document number is assigned, press "financial doc" button to check the results.
    Hope this helps. Pl let me know if you still face issues.
    thanks & regds
    sriram

  • Redeemed card and balance applied, though Itune will not let me purchase with balance and keeps referring me to other payment types which I do not want and will not let me purchase with my credit balance.

    Had an itunes card, entered the code on the card to redeem it. This all worked fine and it applied the correct balance. Now go to itunes store and it keeps referring me to make purchase with other payment types rather than letting me purchase with my current Apple ID balance. I have ensured I am on the latest version of iTunes though still getting the same issue.

    See Here for
    Contact iTunes Customer Service
    http://www.apple.com/support/itunes/contact.html

  • 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.
    Create a letter of credit
    Link the Letter of credit with PO
    Track the Letter of credit with materials receipt
    Retire the letter of credit
    The above all to be configured and used in sap R/3
    Prabhakar

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

  • 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,

  • HT4059 How do I make ibook purchase with iTunes gift card rather than credit card on account.

    How do I make ibook purchase with iTunes gift card rather than credit card on account.

    go to settings- itunes app store- click appleid and view account - may need password - then under billing info select none.  however it will auto use the gift card regardless first

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