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

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

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

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

Additional functionality for vendor evaluation in ECC 6.0

Hi folks,
Can any one help me in getting the information below.
Is there any additional functionality for vendor evaluation in ECC 6.0 when compared to ECC 4.7
Pls let me know the functionality and the difference.
Thanks
Vasanth.

Hi
Is there any additional functionality for vendor evaluation in ECC 6.0 when compared to ECC 4.7
The Solution Browser lets you enter start and target releases for functional areas, and provides you with the information about the new functionalities.
You find the tool from our homepage at http://service.sap.com/erp (see the tool box on the right hand side).
regards
Andreas Rudolph

Can we create Debit note for Vendors in SAP system?

Hi,
Can we create Debit note for Vendors in SAP system?
If yes, then how do we go about the whole thing , can someone please explain?
Thanks,
Chintan.

Hi Chintan
If i get it right u r asking for <b>DEBIT memo</b>
There is no concept of debit memo in SAP
and If u want to debit vendors accounts for Overcharging in PO u can pass credit Memo in MIRO which in turn will debit vendors account by that amount
Steps to pass credit memo are as follows
Trnx Code MIRO
Enter invoice date
Select Credit memo from Transaction dropdown
Give PO number in PO reference
Enter Amount and Qty for credit memo
Select tax code if required
Rest same like miro
Save MIRO
Vishal..

IDOC type for interface between SAP ECC and SAP F&R

Hi Experts,
I need SAP standatd IDOC type for interfacing between SAP ECC and SAP F&R [SAP Forecasting and Replenishment] using message type u201CFRE_LOC_SITEu201D.
Please help me in finding the idoc type?
Regards,
Krishan

Hi Denish,
You have 2 ways of loading data from R/3 to APO.
1. R/3 to BW cube to APO-BW cube to APO planning area
or
2. R/3 to APO-BW cube to APO planning area
BW can be a enterprise BW system ( independent) or you can use the BW inbuilt in APO also referred to as APO-BW.
The only difference between the 2 BW systems is APO-BW can not take the load of reporting where as the enterprise BW can.
Unless your company policy requires the enterprie BW system, I suggest using 2nd way.
You can load the data from R/3 to APO-BW cube using extractors either generic or standard depending on your data. You need to have a RFC connection setup between APO-BW and R/3. ( This is not CIF).
When you load the data into the APO-BW cube, you just have to load the data from the cube to APO planning area using the transaction /sapapo/tscube.
Refer to [DP Data Mart|http://help.sap.com/saphelp_scm50/helpdata/en/13/5ada58309111d398250000e8a49608/frameset.htm] for more information about the data transfer between APO-BW and APO.

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

Retention and Advance for Vendors in SAP

Dear All
Iu2019m part of the SAP ECC 6.0 (with EPH4) E2E implementation team for Construction industry. They have a unique requirement. They will create P.O {(say for Example 10000 RS with 20% advance, 10% retention (of invoice value)} and then
During Advance
Advance to Vendor a/c Dr           2000
                      To Vendor a/c Cr     2000
Vendor a/c Dr                     2000
        To Bank a/c Cr          2000
During GRN
Stock a/c DR                    3000
     To GR/IR a/c CR          3000
During Invoice
GR/IR a/c DR                    3000
     To Vendor                2100
     To Retention Payable          300
     To Advance to vendor          600
During payment
Vendor a/c DR               2100
     To Bank a/c Cr          2100
Is this possible in SAP? If yes please let me know how this can be done.
Regards
Rajaram

Hi,
My suggestion is you go following way:
Vendor A/c Dr ....Specail GL (A)
       To Bank
this is for the advance payment
Then complete the GRN Part
Then complete the MIRO Part without retention, where in you book entire amount to the credit of sundry creditors
For retention, create a special gl and post the entry separately
Vendor Account Dr
Vendor Account Cr....special GL (R)
This will also keep the track of the things in vendor account, as you will require this amount to be paid later once the contract is complete.
Let me know, if it helps.

Integrate with a vendor from SAP ECC 6.0 for 'PunchOut' functionality

Hi Friends,
Pardon me if I have made mistakes in using the terminology in my posting. We just use SAP ECC 6.0 and no SRM. We want to integrate with a vendor for so-called Punchout. Our users will click a URL link from our Intranet and it takes them to Vendor's catalog website. They can choose items and create a shopping cart. The website will return us a unique Shopping Cart ID with list of Items in cxml format. We can use that information and create PO. We are not familiar with cxml format and how to process the PO. Is this a standard functionality in SRM ? I don't think we can install SRM since we don't have Business suite license. If any one has experience with above scenario, ie connecting to vendor's cataglog from SAP ECC 6.00 without SRM, can you pl share with us ?
Niranjan

Hi Masa
Thanks for the reply. The vendor supports OCI as well. However, since I was not familiar with it, I was thinking to go with cXML. When I opened the OCI pdf in the URL that you mentioned, it talks about SRM server. Like I had mentioned earlier, we don't use SRM at our company here. Can you let me know in couple of steps how OCI works and how fast we can implement in our ERP ECC 6.0 environment ? I am delighted to note that one of the companies in Japan implemented in 4 hours.
Thanks for your help,
Niranjan

New transactions for BW in SAP ECC source system

Hi experts,
I need to know if in SAP ECC 6.0 there is someones transactions news or changed for datasources manages.
For example:
For create/Modify generic datasource
Activate LIS* datasources
rsa5 Functionality because the hierarchy has differents name; before the hierarchy began with SAP hierarchy, now is Not connected...
Any information about with ECC 6.0 and integration with BI 7: transactions list and migration I will receive very good.
Thank you very much.
Regards,
Jeysi Ascanio

Basically, the same transactions are used. I don´t see a different treatment until now.

Materials Management: Letter Of Credit for Vendor in SAP ECC 6.0

Similar Messages

Maybe you are looking for