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 PM

    Hi,
    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,
    Ganesh

    Hello 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

  • Letter of Credit for Imports

    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 Tawde

    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

  • 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 AM

    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

  • 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

  • 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
    Prabhakar

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

  • Letter of Credit for Sales

    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 PM

    Hi
    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

  • Letter of Credit for Exports

    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.
    Asad

    Dear 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

  • Letter Of Credit For Purchase

    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
    marias

    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 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
    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

  • 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]
    thanks

    hi 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

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