Letter of credit for vendor
Dear all ,
Can anyone tell me how to create letter of credit for vendor . like the one create for customer via T.code VX11N
thank's
hi,
VX11N
is a transaction to maintain the Customer Letter of Credit and not Vendor's. In system we dont capture Vendor LC.
regards,
Sudhir
Similar Messages
-
Letter of Credit for Vendor Payments
Hi All,
We are implementing ECC 6.0 Version.
The client requirement is to create Letter of Credit for Vendors and to capture data relating issue of Letter of Credit, Terms of Payment and Expirition Date. Against a Single Letter of Credit issued to a vendor client may receive more than one Invoice till the Expiry period of the Letter of Credit and Value. Further, client may also amend the Old Letter of Credit by extending the validity period or the value of the LC.
I know that we can create letter of credit through Special GL indicator 'L'. But it is one Letter of Credit to One invoice for clearing. How to map one letter of credit to multiple invoices and how we can capture expirition date of LC.
Further same vendor can have multiple LC opened against them for different projects. Please let me know detailed configuration steps.
Best Regards,
Bhargav.
Edited by: Bhargava Ram on Oct 3, 2008 3:40 PMHi,
Sorry i guess my question is not clear. It is not to link any LC with PO
The client will raise a single LC against any import vendor. Since these are large CAPEX related purchases, the vendor will send multiple invoices. The bank will adjust the LC against the invoices. Post adjustment the bank will send th advice to the company.
My question was how we can adjust multiple invoices against a single LC
THanks
Sembian -
Materials Management: Letter Of Credit for Vendor in SAP ECC 6.0
Hello Experts,
We are in the process of implementing SAP GTM for our Client.
One of Our Prime requirement is to map Financial Document "Letter Of Credit" for the Vendor in case Imports. I found that Letter Of Credit can be created only for Customer in Sales/Foreign Trade but the same option is not available for Vendor.
Does sap support Letter Of Credit in MM-Imports or in Finance for Vendors?
Thanks & Regards,
GaneshHello Debasis,
Post EPC installation,you need to perform configuration of EPC through portal.You can see it listed under configuration--> configuration scenarios-->EPC.
During configuration you will be asked to define path of you primavera installation and a user on that system with sufficient permissions. This user is called APS user.
Try to do a mock configuration run on sandbox/dev system and then you can follow the guide.
Regards,
Hetal -
Hi All,
How to map letter of credit for import purchase orders in MM module. The foreign Trade part of SD module only talks of export.
Prashant TawdeHi Phani
Thank for your help
Please tell me step by step from creating a letter of credit to paying
I have a business below:
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
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.
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.
Please tell me how to configure and post accounting entries
Step by step
Thank you very much
Minh -
Process Of Letter of Credit for Imports
Dear all,
Any one tell me process Of Letter of Credit for Imports ?
which transaction code can I use to post accounting entries ? which step to configure ?
step by step
Thank in advance
Minhtb
Edited by: Tran Binh Minh on May 8, 2008 5:44 AMHi Phani
Thank for your help
Please tell me step by step from creating a letter of credit to paying
I have a business below:
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
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.
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.
Please tell me how to configure and post accounting entries
Step by step
Thank you very much
Minh -
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
sayeedHi,
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 -
Letter of Credit for imports, openning amendment and closing process
Hi All,
Can any body explain the process for the letter of credit opening amendment and closing process for imports.
ur earliest response would be highly appreciated.
Thanks & Regards,
Althaf.Hi Phani
Thank for your help
Please tell me step by step from creating a letter of credit to paying
I have a business below:
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
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.
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.
Please tell me how to configure and post accounting entries
Step by step
Thank you very much
Minh -
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
PrabhakarHi,
Go through this link.
http://help.sap.com/saphelp_erp60_sp/helpdata/en/d8/2585347860ea35e10000009b38f83b/frameset.htm
Thank you, -
Dear All,
Can anybody guide me the configuration of Letter of Credit.
Rgds,
Panda
Edited by: Siba Sankar Panda on Feb 15, 2008 3:06 PMHi
You need to configure the Recievables Risk Management in Basic Functions> credit Management.
Once you are done with the settings , you need to create the Letter of Credit through transaction VX11N.
after creation you get the documentary number , which you can actually use in the Sales Orders> Item level>Billing > Risk Management> Financial Document number.
This financial Document will contain , the details such as House bank , LC limit , Duration , Value etc.
Regards
KRSNA -
Hi Everyone,
We have a scenario where customer have multiple sale ordes and for all of them they have opened a single LC. Can you please let us know how can we assign same LC to different Sales order and most importantly how can we have a control to check if the orders amount doesn't exceed the LC amount.
Thanks.
AsadDear Asad,
The system will allow you to enter a single LC for multiple Sale orders. The LC is created wrt to customer only not wrt sale order.
The only check the system will do is the value. The LC should also be set to satus "D- Ready & available for use" so that it can be used in sale orders. In the customer master activate the tolerance grp as LC so that the check can be activated.
By standard the system will check for sale order values with LC value, sale order date with LC opening date, delivery date with LC validity end date. But you can play in LC using overdraft % in LC for minor difference in values.
regards,
S.S.Kumar -
Can someone provide me the configuration documents for lettter of credit of purchase.
Thanks in advance.Hello Sachin,
Please go through the following link it may help you
https://wiki.sdn.sap.com/wiki/x/T4DPAQ
Thanks
Para -
Letter of credit functionality for imports
Hi Experts
W.r.t FT, the financial document can be used as LC.
1) Is it possible to use this LC (Financial doc- Transaction VX11N) for linking the import purchase order?
2) Is there any standard functionality to monitor the import purchase orders which involve Letter of credit?
3) Is there any userexit to enhance the existing VX11N to make use for import purchase order?
warm regards
mariasHello Marias,
I regret to inform you that the functionality you request is not
implemented in the standard system within the Foriegn trade area.
" The documentary payment functionality (Letter of Credit) for vendors
is not available in SAP Standard System.
Documentary payments can only be created on the SD side for customer
but not for vendors.
At this time, there is no plan to develop this functionality. "
Please note that the Foriegn Trade functionality has been expanded and
is available in the solution product "Global Trade Services" (GTS).
As you are probably already aware information on GTS is available in SAP
Service Marketplace.
Regards,
Alex -
Letter of Credit Functionality
Hi
We are implementing Oracle E-Business Suite for a Govt of India Organization on Release 12.1.3 Can anyone let me know if there is an inbuilt functionality for Letter of Credit Scenario in R12. to my knowledge it is not available in 11i
Regards
Anand S.Hello Marias,
I regret to inform you that the functionality you request is not
implemented in the standard system within the Foriegn trade area.
" The documentary payment functionality (Letter of Credit) for vendors
is not available in SAP Standard System.
Documentary payments can only be created on the SD side for customer
but not for vendors.
At this time, there is no plan to develop this functionality. "
Please note that the Foriegn Trade functionality has been expanded and
is available in the solution product "Global Trade Services" (GTS).
As you are probably already aware information on GTS is available in SAP
Service Marketplace.
Regards,
Alex -
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
ShaileshHi,
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 -
Letter of credit/payment guarantee
my customer is giving letter of credit, can somebody enlighten me to how to configure letter of credit.
please tell me configuration of letter of credit, and how to compensate the sales order with documentary payments
if possible can somebody send me any realtime examples of configuring the same
my id is [email protected]
thankshi rajan,
please check this :
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.
thanks
sadhu kishore
Maybe you are looking for
-
I made the unfortunate mistake of linking my apple ID to a work email address, which I obviously no longer have access to. I have another, personal apple ID registered to a personal email, but I don't want to re-purchase software. Is this possible? E
-
Safari 1.3.2 crashing on iMac G5 OS 10.3.9
I do most of my work on a MacBook Pro but have kept an old iMac G5 for occasional use when I want a large screen and it has worked well for some years. Having not used it for some time, when I tried yesterday Safari kept crashing. My home page is Goo
-
I can get into the Editor but not the Organizer. I'm not sure if I caused this when I stopped the upload to Shutterfly or what> Please help
-
Output Signal From a Desktop Flash application to the COM port
How do I script to connect /send a signal to the COM port of the PC from a Desktop Flash application. The Signals can be variables such as "1/2/3/4" . The signals will be send on a corresponding click in the flash application. For eg: if I click butt
-
Search for a Criteria in cache
My task is to maintain an aggregation of many endpoint-contributions in cache, but the challenge is to subtract the value for devices that stop communication. There are 2 classes in the model: class Group string Key { get; set; } long Total { get; se