Letter of Guarantee Sales
Dear Consultants,
We are using Letter of Guarantee(LG) for sales, this guarantee for 1 year period, value of ex: SAR.100,000.00, sales order will create with ref. to LG. For example the order value SAR 50,000.00 then billing doc created of SAR.50,000.00 and its cleared from accounts (F-28). customer receivable should be zero.
We want when the customer pays the amount. the Financial documents (LG), open value should be (updated)increased. the same thing in credit sales system updating the value but in LG sales not.
Ex: customer credit limit. SAR.100,000.00, if the sales made SAR 50,000.00 and if customer pays it customer credit limit remains SAR 100,000.00. We want same for LG
May i know your expert advise.
Regards,
MH
Got the answer
When the Letter of Gurantee invoice is cleared / paid inFI that the 50,000 SAR held in S131-OFAKW will be reset to 0.00 thus re-opening the 100,000 available amount again. This is an incorrect understanding, the history is always held and once the FD value is consumed a new letter of credit is required. It is not possible to change the value of a letter of credit in VX12n.
It would require a modification to open the field for editing.
Similar Messages
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LC Payments and Letter of Guarantee
Dear Consultants,
a)Can anyone please tell me the workaround about how to handle Letter of credit payments in AP by maintaining details like LC no., LC amount, LC due date etc., and the accounting impact for the same.
b)Is there is any workaround in AR or through
other modules for maintaining guarantee details issued to outside parties?
Expecting an early feed back.
Thanks and Regards
PriyaHi,
1.There is no special feature in AP for handling of LC. LC payments can be treated the same way like post dated payments. Any additional information can, however, be captured in attachments/DFF.
2.It is possible to use AR for accounting of the guarantees given by us to the suppliers (or customers)
Normally the guarantees issued are not accounted in books. In India, they are only shown as contingent liabilities. But, as Oracle Apps generates acounting entries for guarantees also, we can nullify its effect
by assigning asset/liability accounts to both the 'receivable account' and the 'revenue account'when we define transaction types.
We can have separate accounts mapped to guarantees received and guarantees issued.
To cancel/reverse guarantees issued on its expiry...
a. Define a receivable activity of type adjustment
for eg 'Guarantee expiry'
b. Attach the account that has been assigned to 'revenue account' in the transaction type
to 'GL account' in receivable activity.
c. When the guarantee expires, nullify it by doing an adjustment in the transactions window (by choosing 'Guarantee expiry' receivable activity).
Alternatively, you can nullify a guarantee by raising a credit memo against it.
Note: It is not possible to adjust guarantees issued against purchase invoices as in the case of guarantees received.
Bye
R Elango
null -
Letter of Guarantee Value not Updating with Payments
Dear Expert
The requirement from the user is that when a payment is made , the system should deduct the amount paid and refresh the new available value for the customer.
For Example : A Financial document is created with 1000 value . And Sales order created for 8000 . Therefore now the open value is 2000. This means that the customer can order goods worth 2000 only.
In the meanwhile the first order is delivered and billed . And the customer has paid 8000 when he received the bill. this means that now he has paid so he can now order more goods worth 8000.
but in the system it still shows open value as 2000 , although now that the customer has paid, it should be updated with the payments made so the value can be used by the customer that he had paid.
If any of you has any idea how to tackle this ( it works same way in credit management ) but not in financial documents.
we were thinking of another work around , i.e by closing the Financial document that has been paid and creating a new one by adding the remaining balance. i.e 2000+ 8000 , this way the customer can again use his value. but then how can we automate the system to alert the sales user that the payment has been made for a certain invoice for a certain LG.
your idea's and suggestion are highly welcome
Best regards,Dear ATGSD,
The functionality in GTS is designed for modelling of a single financial document for which the initial value is not updated.
I understand your user's requirement, but surely that is dealt with simply by setting a credit limit in the SAP ERP system? There should be no need to use the GTS functionality at all. In the ERP system, the credit limit is updated by the account payments, exactly as your user requires.
Please let us know if that would work, or if there are more detailed requirements that are not apparent from your post - thanks.
Regards,
Dave -
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
HeinHi,
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 -
dear all;
does anyone knows the configuration of letters of guarantee????
thnx in advanceThere is no specific configuration required for this. Just execute VX11N and maintain the required data. Most importantly, please search the forum before posting such repeated question. This has been answered many times in sales forum.
thanks
G. Lakshmipathi -
Letter of Guarantee standard report to Follow up System by email
Regular reporting is done using by t-code VXA2 and the field "Days until val. End" populated, (if we need to know , for ex. 7 days before val.end).
It is possible, in a standar way, to create a rule or reminder in the system that able to sent a "reminder e-mail" to the related parties before 7 days of the validity guarantee end date?.
B. Regards
FranciscoNot SAP standard, you have to go for ABAP Development.
-
Which table could let me check sales order type when giving dlv order info
Hi,
Suppose you got the delivery order detail like delivery number#,dlv type...etc...
From which table link could we find the corresponding sales order type???
Is there any table indicate the document flow, and with that then i could find the sales order type for this dlv order???
Thank you very much!!Hi Ram,
Could kindly indicate which field could link LIKP and VBAK directly..Thank you very much...
Maybe below way is not the fast way...
1) Get sales order number with dlv# by checking document flow table VBFA.
2) Get Sales order type by checking tbl VBAK with sales order number. -
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 PMDear 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 -
Plant determination at sales order
Hi,
I have a material with two plants and two sales organizations:
How can I customize the determination of the plant when a sales order is created? Do I need to modify a user-exit?
Thanks in advance,
Ricard.Hello,
Let us have
Sales Org: 1000 and 2000
Plant : 1100 and 1200 for Sales Org 1000
Plant : 2100 and 2200 for Sales Org 2000
Suppose you have a material defined for two plants and two sales organizations as mentioned below:
Material S.Org Plant
MAR123 1000 1100
MAR123 1000 1200
MAR123 2000 2100
MAR123 2000 2200
Now when you create a Sales order, the Material is determined basing on the follwing conditions:
1. Customer Material Information Record.
2. Customer Master Record
3. Material Master Record
I think so it is not required to use an User Exit for detrmining the plant even though it is maintained for mutiple plants and Sales organizations.
Regards,
Sudarshan -
Letter of credit &letter of guarentee
Hi all
Can anybody help me with the basics of letter of credit and letter of guarentee and the configuration steps.
thanks and regards
maunamihi maunami;
have u found any helpful information about letter of guarantee????? -
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,
SMDear 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 -
Sales Document Creation in CRM System
Dear all,
We are implementing CRM 5.0 and ECC 6.0 (IS-Retail) for our client. As per the Business Process Customer creation take's place in CRM, which uploads Customer Records into ECC system.
Material Master (Article), Pricing Procedure and Condition Types are being maintained in ECC system only.
Now the new requirement is to create Quotations in CRM system, in turn it has to upload into ECC system. We have to enable or maintain all article data, Pricing Data and Discounts in CRM system also.
I don't know how could we exchange the Article Master Records (Material), Pricing Procedures and condition types between ECC system.
I have expertise in CRM Marketing. by getting basic understanding of CRM and ECC data flow landscape, Middleware Settings and Object downloads, I have confidence to map the requirement into SAP successfully.
I request you to educate me on this scenario, your help and suggestions will be highly appreciated.
Thank you
Raghu ram.Hi,
i'm not quite sure about ECC retail, but for sure, as per CRM 5.0 and ECC 6, depending on your scenario, you may not need whole complete set of pricing, nor the condition tables to be maintained in CRM.
you can use minimum pricing which is basic condition type PR00. once the quotation is saved in CRM, during the replication process, the pricing will be determined in the ERP and passed back to CRM. so when you look into CRM quotation document, you will be able to find all the condition types maintained in CRM.
however, this scenario is not suitable if you require customer to review the pricing before saving the quotation, let say internet sales / e-commerce. then in that case you'll probably need to have complete set of pricing in CRM.
hope this helps. -
Extending material master for different sales org/plant combination
hi ,
1 ) a material can be sold from one plant by many sales organisations. so we map this scenario in enterprise structure by the config step "assign sales org--dist channel--
plant ". (let's say sales org A and B selling from plant 1 and also sales org A selling from plant 2)
when we have defined the above config step, then why we need to have material master extended for different combination of sales org and plant as in stpe 1 ?. we can just create one material master with one plant and sales org combination and based on config as in step one, we can sell material from any sales org from a plant ?
2) we can extend material master for any combination of sales org/plant .....is it also possible to extend material master to different storage locations !
regds
pamela
Edited by: Pamela79 on Feb 15, 2011 11:02 AMThere are several reasons why you should extend the materails to different sales organizations and plants.
a. The materials are normally valuated at the plant level. So, you can have different valuations at different plants.
b. You can have different quantity stored in different plants. How do you know which plant has what quantity.
c. You can have materail not to be sold from one plant, but you can have the same materail sold from the other, how do you block it? at the plant and materail combination, you can do it.
d. For different sales organizations, you may want the cost and the price to be posted to different GL accounts. You can control it at sales org level of the materail.
e. You may just want the material to be purchased but not sold, then you may not even create a sales org view for the material. But say, in future you will like to only purchase a materail from a plant and consume it for some other purpose but not sales (which u did previously), then you can block it at sales org and dbr level.
So, these are a few reasons. But there could be many. You can have a look at the fields in the material master at sales org level and plant level and you can find it for yourself howmany parameters are there to control...
Hope this helps...
Regards,
Mukund S -
Issue in BAPI for creating sales order
Dear friends,
BAPI_SALESORDER_CREATEFROMDAT2
and
BAPI_TRANSACTION_COMMIT
The above standard BAPI's we are using to create SO through third party software and the commit bapi to commit the order in DB, but the issue is now, we have created one new condition type for determining
1.Loading and Unloading point
2.Inco1 and Inco2
3.PayT.
This will trigger when we are selecting the ORDER Reason, this is working fine when we create the Order manually in SAP, but through Third party software this is not triggering, it is taking its own values from the master.Hello Experts,
I am having issue related to Item category determination.
Your inputs will be greatly appreciated.
We have a service order in which Item category is determining correctly. Let’s assume Material as “A” (Material type DIEN, Service,
Freight , etc..) and item category ZITC
is determined correctly.
Let’s assume sales order type as ZSOR
Now I would like to add another line item as miscellaneous
charges for the same order and we have a material created for that purpose Let’s
assume miscellaneous material as “B”
(Material type DIEN, Service,
Freight, etc..)
Both the materials “A” & “B” have Item category Group as “LEIS” (Service w/o Delivery), in material master Sales org 2 view.
In VOV4 we have config maintained as
Sa Ty | ItCGr | Usg | HLevItCa |DfItC
ZSOR | LEIS | | |ZITC
ZSOR | LEIS | TEXT| | ZITC
But when I add material “B” (miscellaneous charges)as a line item, I get the below error and item category is not determined.
No item category
available (Table T184 ZITC TEXT )
Message no. V1320
Thanks in advance -
Multiple Delivery Plants(Same Sales Area)
The Problem I am facing is this
Let say one material A is Extended for 2 different Sales Area let say
1000(Sales Org) 1000
10 (Distribution Channel) 20
Now for the Sales area 1000,20 I want to extend the material A for two different Plants
Let say 3000 and 9000 . In the Sales View when I define the Delivering Plant 3000 it is copied to 9000 Extension as well I want to define 9000 delivering Plant for Plant 9000 in the same sales area 1000,20
Thanks and Regards,
Faisalhi
if these two plants are assigned to same company code it is possible to extent the material to two different plants.
while creating sales order u can go to procurement tabage and change plant to another
thanks
kranthi
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