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Letter of Guarantee Sales

Former Member
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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

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Answers (1)

Answers (1)

Former Member
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awaiting for replies please

Former Member
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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.