how to configure "Letter of Credit" . We are on SAP B1 8.82 version..

[Former Member]

Pl advise me where and how to configure "Letter of Credit" . We are on SAP B1 8.82 version..

[Former Member]

Hi,

   Letter of credit is usually done for Importing of goods. You have to capture Purchase order details viz is open and viz for foreign BP, then the credit funding bank details and fund arranger details. Make an Outgoing Payment to the Bank for the respective Letter of Credit.

Hope this will help you....

Regards

Karthik

[Former Member]

Hi Karthik

I am not too familiar with your localization. Is the letter generated from the Purchase Order to facilitate the Outgoing Payment, or from the Outgoing Payment itself? Maybe someone else on the forum might be more familiar with this function. Could you tell me which country settings you are using in SAP?

Kind regards

Peter Juby

[Former Member]

Dear Peter,

          The question is not what I posted. I jus provided an answer to Former Member....

Regards

Karthik

[Former Member]

Hi Karthik

You are right, my apologies, sometimes forget to scroll up again.

Kind regards

Peter Juby

[Former Member]

Hi Jagadeesan

Which letter of credit are you referring to? Is this a standard function in your localization? Maybe if you can tell me what the report is used for I can check or assist you?

Kind regards

Peter Juby

[clas_hortien]

Hello,

you should ask this in the Business One forum.

Best regards

Clas