Letter Of Credit (LC)

syedamir

Dear All

I have problem related to LC -

One Is I want to know exactly the purpose of Renewal of LC's Credit Limit report batch job.

Second is how we can update LC Bank Credit Limit as free when LC is Closed. as rule when we open New LC, bank is required to cover Credit limit as LC Value. and when payment is made against the LC to bank then the same our credit limit should free for upcoming new LC'S. but in the system i did not found any functionality for the same.

TNX IN ADVANCE

ssingla

Renewal of LC's Credit Limit report batch job: Batch Job renews the LC where type of Credit limit is Revolving. Further Revolving credit limits can be manual or automatic. If manual then it requires Bank's Recipt No. in the open orders of the LC.

For renewing the Bank Limit, you need to insert new line. I haven't used LC module but basic testing of the module is showing this as the only option.

Ravikandula

I had a same problem, I think you need go for customization.