Payment Procedure for Import Purchases

[jaiprasad_naidu5]

dear gurus,

I want to know the procedure to be followed for Import Purchases. How do we capture LC details in SAP & clear the payment against that.

regards,

Naidu

[Former Member]

hi,

first u can maintian the special g/l for L/C and assgin gl a/c for that special g/l first receive the inovice thru fb60 or miro after that thru F-40 post first line item with special g/l and select process open items button select existing inovice and post. at the time of clearing thru F-53 give ur out going bank a/c and enter vendor number as well as special g/l indicator and select ur l/c bill and post. it is working becoz i am working on this concept in corrent project check it.

[Former Member]

if u have any doubt let me know.

[jaiprasad_naidu5]

hi,

Do we need to create G/L for each new LC we open?

[Former Member]

hi u can create on eletter of credit g/l with reconciliation account type as a vendor and that account is assign special g/l indicator w(u can change the text as a LC) and follow what i am saying above things the following transactions are coming

at the time of LC

29w vendor spl gl(LC) cr

25 Vendor dr

at the time of clearing

vendor spl g/l dr

outgoing bak cr

i hope ur problem is solve.