cancel
Showing results for 
Search instead for 
Did you mean: 

letter of credit in purchasing

Former Member
0 Kudos

Dear All

i want to Use Letter of credit for purchase through R/3 please guide me which course should i study or which is document name or book about LOC?

best regards

R.T

Accepted Solutions (0)

Answers (4)

Answers (4)

BijayBarik
Active Contributor
0 Kudos

Hi,

LOC can be mapped in SD as bond but in procurement side, you need to go specially for development with t.codes for a concept where you can captured all LOC amount with a G/L account and then incorporates with reduction of amount (LOC) once you do GR wrt another G/L account.

More check link:

http://wiki.sdn.sap.com/wiki/display/profile/Letter%20of%20Credit?bc=true

Regards,

Biju K

Former Member
0 Kudos

Hi,

LOC can be used in GTS ti mitigate the financial risks, But cannot use LOC in purchasing. There is no standard functionality of LOC for MM. Please refer below link for step by step assistance regarding LOC. Thanking you.

http://help.sap.com/saphelp_gts10/helpdata/en/4a/812ca476c65767e10000000a421937/content.htm

Edited by: Padmasri Garapati on Oct 24, 2011 10:31 AM

Former Member
0 Kudos

Dear Padmasri Garapati

thanks for reply

what is import tab in purchasing?can be used from import tab to LOC?

Best regards

R.T

JL23
Active Contributor
0 Kudos

the import data view in purchase order is displayed or hided based on customizing

OLME > Foreign trade > control of FT in MM and SD documents > Import views in purchasing documents

And it will not help you, as standard SAP does not support letter of credits in procurement. the functionality is only there for SD.

the basis meaning of LOC is to secure that a vendor gets the money for the material delivered. so he needs this control to avoid that he does overdeliveries for which he will never see the money.

there is nothing for the buying party to see how much of a LOC is already fulflilled. you either do this manually outside SAP, or you have to built your own logic, tables and programs to do it in SAP.

As a workaround you could create contract which has the amount or the LOC, and do call offs against this contract. So you could use SAP standard transactions to monitor how much you have released and how is left on the contract (respective on the LOC)

kailas_ugale
Active Contributor
0 Kudos

HI

Check following link it will clear you

[;

Regards

Kailas Ugale

Former Member
0 Kudos

Hi,

GO through this link you can understand LC in Importing.

http://help.sap.com/saphelp_erp60_sp/helpdata/en/d8/2585347860ea35e10000009b38f83b/frameset.htm

Thank you,