Letter of Credit - Document splitting

Hi,
Following entry needs to be posted
Vendor a/c Dr.
To Letter of Credit Payable a/c Special gl indicator "W"
While posting entry system showing segment error.
Segment wise document splitting concept is configured. In recon a/c and special gl a/c no segment tab is available to enter segment.
Please advise.
Regards,
Harish

Hi Gopala,
The accounting document has already been released &accounting doc has been created. But the value of Financial Doc i.e Letter of Credit remains same.
Regards,
Mahendra

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Letter of Credit usage for Cross Company Code - sales

Dear All,
Is is possible that we can use L/C Letter of Credit document for cross company code sales processing.
client have created LC document for Company A which can also be utilized for Company B.
Thanks,

HI,
I'm also interested in Cross Company Code Finacial Documents & revolving letter of credit.

Letter of Credit SPL Screening in GTS

Hi,
I want to perform SPL screening of banks on the letter of credit documents created in ECC.
What document type in ECC to corresponding doc type in GTS
How can I achieve that? Can anybody throw some light on this?
Thanks,

Please refer to the topic 'Integrating SPL Screening with Financial Accounting' in the customizing documents for details.

Control Delivery split based on diff in exchange rate (let. of credit)

Hi Team,
We have a scenarios where the user does nto want split in delivery because of differecne in Exchange rate for line items.
In my case when Letter of credit si assigned to line item.
I understand this as standard behavior that a delivery splits happens based on difference in exchangerate.
My question is to control this split, will it be a right to control it by routine in copy controls routine form order to delivery or we consider the user exit.
So, kindly assit me to solve this or do we have any standard setting by which i can control. this.
Thanks in advance
Balaji

Hi Balaji,
See Note 415716 - User exits in delivery processing, because it tells us how some modification can affect to split documents.
I suggests you to manage it with VOFM subroutine. The idea is that diferent values in LIKP-ZUKRL determintes the split of documents. You can populate until 40 characters, and you manage it with structure ZUK. This concatenation in a string is moved to LIKP-ZUKRL. It works like ZUKRI in spliting of invoice. This VOFM is set in copy rules.
Regards
Eduardo

Letter of Credit Financial Document not getting updated

Hi,
I have create a Letter of Credit Financial Doc thur TCode Vx11n. I create a sales order & assigned the financial document to sales order. In log there is no error.
When I create a Billing Doc & Excise Invoice. The Financial Document values remain same & does not get updated. Please guide.
Thanks in advance.
Regards
Mahi

Hi Gopala,
The accounting document has already been released &accounting doc has been created. But the value of Financial Doc i.e Letter of Credit remains same.
Regards,
Mahendra

Finance documents - Letter of credit - sales order value than FD value?

Hi,
we are looking at this function of finance documents (ENLO, VN11n).
Scenario:
Sales Order value : 1 Mio USD
Finance Document value: 0.6 Mio USD
I want to create the FD document now fixed for the amount without specifiying an overdraft percentage (i.e. 100%).
Is it possible to cover this scenario?
Business reason:
We often have down-payments request issued at the beginning of the process and the amount might cover the gap. Or it is possible that credit limit of the customer covers the gap.
Thanks
Hein

Hi,
Yes, you can use the documentary payments functionality to cover a certain percentage of the sales document value. Balance will be considered for credit limit calculations. Check below link on how you need to configure this.
[LC|http://www.learnsaptips.com/2011/09/how-to-handle-letter-of-credit-in-sap.html]
Best regards,
Anupa

Letter of credit maintenance for order and delivery documents

Hi Friends,
As there are three places where we can maintain Letter of Credit ( Financial documents) data.as
1. Order Header data
2. Order Item data
3. Delivery Header data
What is the importance of all these and ideally where shd maintain ?
kindly guide
Shailesh

Hi,
Process Of Letter of Credit for Imports
1. The Clearing agent ask for amount, the person who receive the product will give Letter of Authority to Clearing Agent. The clearing agent move to bank and take check.
For this purpose, we just issue LA.
2. Prepare Purchase for the Vendor from whom we are going to receive the product. There may be 2 or more Vendors.
1. Product cost to be transferred to Vendor A
2. Freight or Other Charges to Vendor B
3. Customs Duty and Others to Vendor C
Tcode : Me21n
3. First We have to pay Customs Duty to Commissioner of Customs after LA issued.
Entry : Customs Clearing a/c Dr
Cess on Custom a/c Dr
CVD Clearing a/c Dr
Cess on CVD a/c Dr
Special CVD a/c Dr
Vendor C a/c Cr.
T-code :MIRO or YMIROOTH
4. Cenvat credit for the product will be taken by person who handling Excise in that company
Entry : Cenvat Clearing a/c Cr.
RG23A Part II a/c Dr.
5. Clearing of Cenvat Credit
Entry : Cenvat Clearing a/c Dr.
CVD clearing a/c Cr.
Cess on CVD a/c Cr.
Special CVD a/c Cr.
6. After Bank payment they will transfter to us
Entry : Vendor a/c - Dr.
Bank a/c - Cr.
Give ur mail id.. i will send the doc. its not easy to make u understand that concept.
Regards
Srikanthraj

Financial document (Letter of credit)

Hi,
I want to create a financial document (Letter of credit) in transaction VX11N.
I enter all the required details but I also need the Negotiating bank to be mandatory. If I click on the Negotiating bank (in the BANKS tab) then it is mandatory and I have to fill in the bank details, but - if I do not click on it - then it is not mandatory.
Have you ever find a way to customize it to be required ??
Many thanks in advanced,
Regards,
Livnat

Thank you very much Sam,
I already been in there ,but what do I need to do in this screen in order the Negotiating bank will be required in the LC ?
It has a check in - One time bank,
Max.no.of banks -1
External financial doc. no.- 0
Bank Charges - 1.
Thanks
Livnat

Split invoice due to exchange rate for letter-of-credit

Hi Guru,
Orginially, I was trying to create a combined invoice and the the split msg appears. After some checking, so I update the exchange rate for all S.O. remove the Letter of credit, save, reapply the letter of credit to S.O.. and the error msg still appears. So I then try to create invoice per S.O. and found that split were due to the letter of credit rate diff within the S.O.
e.g.
S.O. 12345 , exchange rate 1.5
S.O. 23456, exhcange rate 2.0
1. I update S.O. 12345 to exchange rate 2.0.
2. try to create invoice, msg appears.
3. check table VBKD and found that the whold order exchange rate = 2.0 but for a few line item, the letter of credit exchange rate still = 1.5
Can anyone recommed how I can update the letter of credit rate ?
Thanks & Regards,
Rebella

Thanks. I guess i didnt explain my problem clearly. we create invoice using sales order not delivery note. We have a TPO process, we create SO, Vendor PO, and Vendor ship good directly to customer. We GR against PO, then bill using SO#.
Hopes it is clear enough for more help.
thanks.
Rebella.

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

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,

F-04 Post with clearing - Document Splitting issue

Hi Guru,
In the system I have implemented the document splitting by Profit Centre and Segment.
I'm trying to post an Incoming Payment (Tcode F-04) with clearing related to two customer.
During the invoices I inserted two different Profit Centre by customer invoice.
When I post, in one document, the incoming payment related to the two invoices I don't insert the Profit Centre values manually, but I link the payment to the customer invoices to be cleared.
The system is not able to derive the Profit Centre inserted in the customer invoice in the incoming payment posting! I cannot post it neither manually because, rightly, I can insert the Profit Centre only for the Bank accounts and not for the Customer account.
How can I derive the Profit Centre from the customer invoices?
Let me know.
Thanks
Ciao

Hi Ciao,
Just post your incoming payment with the transaction.
F-02 Bank dr.
Customer cr.
and then try to clear the document with F-04.
might help you.................
Chintan Joshi.

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

Credit Check againt letter of credit.

hi,
This is regarding credit check of sales order against FD. If the letter of credit belongs to company 001 and sales order contains any line items materials other than company 001. It gives an error EI574 "Financial Doc data check result not ok". Is there any way to do credit check ignoring company? I mean financial document will be in one company but sales order items can be from multiple company. Please share your expertise.
Regards
Achuthanandan

Hi Achuthanandan,
if the credit control area is assigned at company code level then this error will appear
if the credit control area is assigned at the sales area level then this error will not come
Regards,
Santosh

Letter of credit check status not correct in VL01N

Hi, Gurus,
I activate both credit management and documentary payment. When I try to create delivery-VL01N with reference to a sales order, i assign an financial document with 100% depreciation. Suppse deliver amount exceeds this financial document, system should issue message and block this delivery. However, there were no such message and credit status is "A" when saving delivery.
In Vl02N, not changing any data, system issue the message showing that
the financial document value is exceeded, and delivery is blocked when I save the delivery.
I checked my configuration, and cannot think of anything related to this.
After debug, I found out that the reason is that SAP get delivery value from table S131, field OLIKW and compare it with financial document open value. However, S131-LOIKW is 0 when I create the delivery. After delivery is created, S131-OLIKW value is corect. Therefore, when i change delivery and try to save before exit, system will issue the message.
Does anyone know anything might be related to this weird issue?
Thanks,
Cicely

Hi Gopala,
The accounting document has already been released &accounting doc has been created. But the value of Financial Doc i.e Letter of Credit remains same.
Regards,
Mahendra

Letter of Credit - Document splitting

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