How to enter letter of credit and bank draft

hi,
1) if i would like to enter letter of credit and bank draft in system, what tcode to do so?
2) it is statistical or noted?
3) LC can be from customer and vendor?
4) bank draft only for customer, right?
thanks

Hi,
First you have create special G/L Indicator for customers/vendors and assign the same in OBXT and create LOT transaction in t.code F-55.
Try once and given feedback.
Regards
Sarma BH

Similar Messages

Tracking of due dates in case of letter of credit and bank guarantee

Hi
In case of letter of credit and bank guarantee can a track be kept in sap for bill negotiated and due (means the vendor has claimed payment but payment from us to our bank is not due) ,
negotiated and due(means our payment is due)
and bills negotiated and overdue (means payment from our side to our bank is overdue)
how is it possible plz explain in detail as i have never worked ob LC and BG.
Thanks in advance.

Hi
Thanks for the answer I will try to explain my requirement .
In case of import and exports Letter of credit and bank guarantee are opened with the bank. There can be amendments also after its creation in terms , amount or validity period. Then it is negotiated and retired.
An example : A letter of credit is opened on 1st Jan. The goods are shipped on 7th Jan .Credit term given by our bank (in case of import) is 1 month which is counted from the shipment date and it expires on 7th feb. The vendor negotiates the bill on 15th jan.
The requirement is to get a report of u2018negotiated and dueu2019 and u2018negotiated and overdueu2019category.
Like from 15th Jan to 7th Feb the bill negotiated by the vendor comes under u2018negotiated and dueu2019 category and after that it comes under u2018negotiated and overdueu2019category.
List of letter of credits established , negotiated , retired and balance if any.
Letter of credit wise u2013 Bank charges paid. i.e at the time of opening , amendment , negotiation and retirement.
Same in case of bank guarantee also.
Plz explain me how can this be tracked and how to configure this.

How to track Letter of credit in FI Module.

Dear Gurus,
(Exports scenarios)
I have configured letter of credit for customer's export scenario. At end user level we are creating letter for credit using VX11N. Once the letter of credit is created, we link it to the sales order at header level in billing document tab - financial document field.
I would like to know how can we track this letter of credit in FI module? For example if we receive payment from the bank against letter of credit which is linked to sales order then how will we be able to track that letter of credit while entering the customer payment in FI module.
Also help me understand whether I am posting it to right forum, as I am posting the question for the first time here.
Please advice. Thank you.
Edited by: jayfanse on Jun 9, 2011 5:25 PM
Edited by: jayfanse on Jun 9, 2011 5:26 PM

Dear Jay,
We are also using letter of credit sale in our company but the LC payment is normal from accounting side when ever Accounts receive LC payment from the customer they will post it against customer account (Customer Code) and write the Text this payment against so and so LC and Commercial Invoice Number if you run FBL5N Report you can see this text.
There are some reports to check the LC sales scenario: VXA1, VXA2 & VXA3
Regards,
MH

How to configure letter of credit in SAP

hi all,
how to configure letter of credits (LOC) in sap.
regards
srinivas

Hi,
Letter of Credit / Bank Guarantee are noted items in SAP. There is no effect in the books of accounts for these items. You have to create seperate Spl G/L Indicator for LOC and assign the same to normal reconciliation account of Vendors / Customers as per your requirement. For creating this go to 'OBXT' and the necessary configuration. To create LOC in SAP Easy Access goto F-55 and process the transaction.
Regards
Sarma BH

How to enter a new Date and Time each day in a Numbers Spreadsheet...

Hi... I have finally decided to move away from Excel and really give Numbers a shot... I have an application where each day I first enter the current date and time into a particular cell of a new row and then I enter some data in cells adjacent (in the same row) as that entered date-time. Then the next day I want to again enter the (new) current date and time and add more data next to that new date-time and so forth day after day... You can't use something as simple as =NOW() because then everyday, ALL of the date-times would change to the current time... Nope, now what I want... I just want to be able to EASILY and QUICKLY enter the current date-time value in one call and then have that specific value stay there forever... In Excel, this is accomplished with the keyboard shortcuts of
<cntl> followed by a semicolon (;) for the date
then enter a single space (for separation of date versus time) followed last by
<command> followed again by a semicolon...
So all together that is,
<cntl><;><sp><command><;>
and that puts something like
4/10/2010 9:49:00 AM
in a single cell...
That's what I now want to be able to do in Numbers...
How do I do that??? Do I use the menubar item "Insert Date and Time" and if so, how exactly do I get the current time to show up in the chosen cell??? With formatting??? Is there a keyboard shortcut method like the one I mentioned that works for Excel?? I've perused the manual and though I found lots on date-time, I didn't see how to do specifically what I want to do... I likely just missed it as surely it must be easy to do...
Any feedback would be much appreciated... thanks... bob...

Badunit wrote:
The result of running that script is "UI Enabled = TRUE".
I have cells named by the header values.
This may be the problem.
The script is an old one which deciphered only the letter+digit cell references.
Here is a new version which works with every kind of cell reference.
--[SCRIPT insertDateTime]
Enregistrer le script en tant que Script : insertDateTime.scpt
déplacer l'application créée dans le dossier
<VolumeDeDémarrage>:Users:<votreCompte>:Library:Scripts:Applications:Numbers:
Il vous faudra peut-être créer le dossier Numbers et peut-être même le dossier Applications.
Placez le curseur dans la cellule qui doit recevoir la date_heure
menu Scripts > Numbers > insertDateTime
La cellule pointée reçoit la date_heure.
L'aide du Finder explique:
L'Utilitaire AppleScript permet d'activer le Menu des scripts :
Ouvrez l'Utilitaire AppleScript situé dans le dossier Applications/AppleScript.
Cochez la case "Afficher le menu des scripts dans la barre de menus".
+++++++
Save the script as a Script : insertDateTime.scpt
Move the newly created application into the folder:
<startup Volume>:Users:<yourAccount>:Library:Scripts:Applications:Numbers:
Maybe you would have to create the folder Numbers and even the folder Applications by yourself.
Put the cursor in the cell which must receive the date_time.
menu Scripts > Numbers > insertDateTime
The pointed cell receives the current date_time.
The Finder's Help explains:
To make the Script menu appear:
Open the AppleScript utility located in Applications/AppleScript.
Select the "Show Script Menu in menu bar" checkbox.
Yvan KOENIG (VALLAURIS, France)
2009/03/01
2010/04/11 is now able to treat every kind of cell references
property theApp : "Numbers"
--=====
on run
set {dName, sName, tName, rname, rowNum1, colNum1, rowNum2, colNum2} to my getSelParams()
my doYourDuty(colNum1, rowNum1, tName, sName, dName)
end run
--=====
on doYourDuty(c, r, t, s, d) (*
c = columnIndex
r = rowIndex
t = table's name
s = sheet's name
d = document's name *)
local cdt
set cdt to my cleanThisDate(current date) (* the new date_time as a clean date_time *)
tell application "Numbers" to tell document d to tell sheet s to tell table t
set value of cell r of column c to cdt as text
end tell -- application …
end doYourDuty
--=====
on cleanThisDate(dt)
(* ugly code but once I got date_time with milliseconds so if necessary, I drop them *)
local l
set l to my decoupe(dt as text, ":")
if (count of l) > 3 then set dt to date (my recolle(items 1 thru 3 of l, ":"))
return dt
end cleanThisDate
--=====
on getSelParams()
local r_Name, t_Name, s_Name, d_Name, col_Num1, row_Num1, col_Num2, row_Num2
set {d_Name, s_Name, t_Name, r_Name} to my getSelection()
if r_Name is missing value then
if my parleAnglais() then
error "No selected cells"
else
error "Il n'y a pas de cellule sélectionnée !"
end if
end if
set two_Names to my decoupe(r_Name, ":")
set {row_Num1, col_Num1} to my decipher(item 1 of two_Names, d_Name, s_Name, t_Name)
if item 2 of two_Names = item 1 of two_Names then
set {row_Num2, col_Num2} to {row_Num1, col_Num1}
else
set {row_Num2, col_Num2} to my decipher(item 2 of two_Names, d_Name, s_Name, t_Name)
end if
return {d_Name, s_Name, t_Name, r_Name, row_Num1, col_Num1, row_Num2, col_Num2}
end getSelParams
--=====
set {rowNumber, columnNumber} to my decipher(cellRef,docName,sheetName,tableName)
apply to named row or named column !
on decipher(n, d, s, t)
tell application "Numbers" to tell document d to tell sheet s to tell table t to return {address of row of cell n, address of column of cell n}
end decipher
--=====
set { d_Name, s_Name, t_Name, r_Name} to my getSelection()
on getSelection()
local _, theRange, theTable, theSheet, theDoc, errMsg, errNum
tell application "Numbers" to tell document 1
repeat with i from 1 to the count of sheets
tell sheet i
set x to the count of tables
if x > 0 then
repeat with y from 1 to x
try
(selection range of table y) as text
on error errMsg number errNum
set {_, theRange, _, theTable, _, theSheet, _, theDoc} to my decoupe(errMsg, quote)
return {theDoc, theSheet, theTable, theRange}
end try
end repeat -- y
end if -- x>0
end tell -- sheet
end repeat -- i
end tell -- document
return {missing value, missing value, missing value, missing value}
end getSelection
--=====
on decoupe(t, d)
local l
set AppleScript's text item delimiters to d
set l to text items of t
set AppleScript's text item delimiters to ""
return l
end decoupe
--=====
on parleAnglais()
local z
try
tell application theApp to set z to localized string "Cancel"
on error
set z to "Cancel"
end try
return (z is not "Annuler")
end parleAnglais
--=====
--[/SCRIPT]
It's available on my idisk :
<http://public.me.com/koenigyvan>
Download :
For_iWork:iWork '09:for_Numbers09:insertDateTime.zip
Yvan KOENIG (VALLAURIS, France) dimanche 11 avril 2010 14:16:41

Letter of credit and credit Mgmt

hi experts i am working on this issue please through some light on this please,i am creating LC and when i create sales order i am using this LC document in billing tab financial documents,here my requirement is when customer have LC sales order or delivery should not block for the credit check.How it can be done please let me know.Thanks alot.

A Third party solution provider named Collabera,formerly IVL india Private Limited Trivandrum,
has an addon module for SAP like OptiSuite - Exports,imports,excise,forms etc , handlying Letter of credit seperately.
Check with the google for more details..
Cheers,
Edited by: Mukundan Ramanathan on Feb 10, 2009 7:22 AM

How is the letter of credit captured today on Oracle, presumably OE?

Hi All,
This is published on shipment::released per shipset.
I would like to know if the data entry AND the database field for this are :
- data entry is custom or vanilla ?
- database field is custom or vanilla ?
In both cases, if vanilla, then:
- is this actually entered or held in a 'letter of credit'
field or is some other field being used
- is this entered in a specific field on screen or a Note ?
- is this held per customer or per order or per shipset ?
Thank you,
SM

Dear Jay,
We are also using letter of credit sale in our company but the LC payment is normal from accounting side when ever Accounts receive LC payment from the customer they will post it against customer account (Customer Code) and write the Text this payment against so and so LC and Commercial Invoice Number if you run FBL5N Report you can see this text.
There are some reports to check the LC sales scenario: VXA1, VXA2 & VXA3
Regards,
MH

Financial documents/ Letter of Credit and down-payment

Hi,
I try to map requirements from business against solution in SAP.
There is a scenario as follows, where part of the sales order is covered through down-payment. This should be exempted from Letter of credit value.
Example
Sales Order value 1 Mio USD
Down-payment 0.2 Mio USD > paid immediately after sending out the request invoice (request is generated in SD from Sales order). Until payment, this would remain as the net exposure in the system.
LOC value should be only >> 0.8 Mio USD <<
Is there a solution in SAP to this? What would need to happen to enable this?
Cheers
Hein

Hello Hein
Well, for your requirement you have to go development.
For this you can use No credit check in TCode OVA8 for Define Automatic Credit Control for your desired combination of Credit control area, Risk class & Credit group.
Where you have to write a requirement with help of ABAPer.
OR
You can take assistance of FI guy and looking to define Reconciliation Accts Without Credit Management Update
Where In this IMG activity, you can cancel the credit management update function for certain postings by posting to an additional reconciliation account; the reconciliation account without credit management update.
When you make postings to the standard reconciliation account, the receivables total within credit management is then updated, but those postings made to the reconciliation account without credit management update are not.
In Japan, various receivables that are considered certain to be received are excluded from credit management update, including:
- Active prepaid/deferred items
- Payments by letter of credit
Hope this can assist you.
Thanks & Regards
JP

Where and how to enter plan data cost and profit center wise to get data in grr1

Hi Gurus,
Appreciate you can tell me where and how to enter plan amount cost center wise for cost elements and profit center wise for revenue elements????
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Can we upload this planned data, if yes how??
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Hi..
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If you use new gl pca, refer to Transferring Plan Data from Controlling - General Ledger Accounting (FI-GL) (New) - SAP Library

How to config letter of credit for an import

hi gurus,
can somebody explain me how letter of credit is configured for an import. it would be highly appreciated if i get a step by step procedure.
best regards
sayeed

Hi,
Refer to this weblink
http://www.sap-img.com/financial/process-of-letter-of-credit-for-imports.htm
or
refer to this sdn thread
letter of credit
Please let me know if you need more information.
Regards
Sridhar M

How do I contact the Credit and Order Review Team other than by phone?

I ordered a new Galaxy Note 4 today, entered my credit card information, submitted the order and everything appeared to go through fine. About 20 minutes after I submitted the order and received the email receipt, I received a message stating "We have received your order; however, this transaction cannot be processed because our order review department needs additional information from you. Please contact the Credit and Order Review Team at 866-338-7390 to complete your order."
My situation is a bit unusual in that my old phone finally died so I don't have an existing cell phone to use to call the Credit and Order Review Team by phone. Is there a way to email them securely through the Verizon email system or some other electronic method of providing them with the information they need to process my order? Can't this be accomplished WITHOUT being required to use an existing phone? I suppose my only alternative would be to find a pay phone somewhere.in the city that hasn't been disconnected, vandalized or left broken and call the Review Team to answer their questions. But honestly, there has to be an easier way to accomplish this simple exchange of information.

Well, yes. I did think of that one. But for some reason there is only 1 "authorized" Verizon store in the Palm Springs, CA area and even though they have 6 to 8 staff walking around with tablets looking busy, it can still take over an hour to get someone to actually help you. And even then, they seem to be very 'compartmentalized' so one only sells accessories off the wall, while 3 others only help existing customers, etc. So even once you get someone's attention they are probably not the 1 or 2 staff out of 8 that you really need to speak to. It would be quicker to scour the city for a working pay phone. :-)

Process flow of letter of credit and configuration guide

Hi friends,
I want to know accounting entries at every stage in letter of credit for purchase transaction, so also requesting for configuration guide. Points will be assigned
my email id is [email protected]
Thanks
Edited by: keetu on Apr 22, 2008 8:35 AM

Hi,
Check these links.
http://forums.sdn.sap.com/thread.jspa?messageID=3537642#3537642
http://forums.sdn.sap.com/thread.jspa?messageID=5337739#5337739
Regards
Ayyallas

How can I let Pages '09 and Pages 5.0.1 coexist in my Mac?

I'm using an iMac with Mavericks 10.9.1. I 'upgraded' my copy of Pages to 5.0.1, but I'm working with someone who doesn't have it (his machine can't be upgraded to Mavericks, so no Pages 5.0.1 for him). In order to exchange documents and edits with him, I started by exporting documents from my computer in the old format so he could read them, but then I noticed that my old iWork folder was still there in Applications, so I started up Pages '09 and began to work with that. Things seemed to work until someone sent me an email with a Pages 5.0.1 document attached (it showed the 5-style icon). When I tried to open it, I got a message saying that I needed a more up-to-date version of Pages to do so. Well, I've got it, but I can't make the document open in the newer Pages, even if I do "Open in... and pick the newer app in the Applications folder. I am wondering if there is some kind of interference between the two versions (using the same preferences file or something like that). Can anyone shed any light on this. I'm still looking myself.
TIA

There is no interference between versions, they are independent applications. Only depends which App OSX choses to open the file with.
If your friend sent you a Pages 5.1 file, your Pages 5.01 will not be able to open it.
Apple has amazingly managed to create file incompatibilities even between minor updates.
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How to enter dates in HypPlanning and make calculations

Hi,
Please help. I need to input two dates (with month and year only) using Hyperion Planning and make a calculations of the number of months that are between.
Example
Jan-2010 to Dec-2010 = 12 Months
Jan-2010 to Jul-20111 = 19 Months
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Kind Regards

Have a look at the following post :- Re: Days behaviour between two dates
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http://john-goodwin.blogspot.com/

Limit on LC and Bank Guarantee - Noted Items

Dear SAP Gurus,
We have a requirement from client as below for Letter of Credit and Bank Guarantee.
Example: They have taken a combined limit for BG+LC today(10th June) they would like to track this separately.
Similarly they can take a combined limit later say 15th June or 20th June……
For each such iteration a separate tracking of limit maintenance and usage should be available.
How to achieve this? Please guide.
Thanks in advance.
with best regards
Ramesh

Hello Ramesh,
You can track Bank gurantees and Letter of credit's ,if you implement risk management ,which is under Sales and ditribution module.
Transaction code :- VX11N / 12N / 13N .

How to enter letter of credit and bank draft

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