LC Transactions
Posted: Thu Jun 28, 2007 6:52 am
Can anybody let me know the setups for LC transactions
I didn't get you.
If you are talking about Letter of Credit in Accounts Payables module, there is no such specific setups in Accounts Payables.
You need to develop your own work around which suits to your requirements.
Generally, In LCs, Banks will make the payment and intimates us. In such case, either you have to enter a payment against the supplier with payment document set up with mode of payment as "CLEARING" or "MANUAL"
If anybody knows more about LCs, please post it. It is very important topic in Accounts Payables.
Upendra DOnepudi