$ 67.37
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Purchase (purchase) • Discuss (mail) |
| Lines of code | 594 |
| Technical Name |
kaz_letter_of_credit |
| License | OPL-1 |
| Website | http://www.kaizenae.com/ |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Purchase (purchase) • Discuss (mail) |
| Lines of code | 594 |
| Technical Name |
kaz_letter_of_credit |
| License | OPL-1 |
| Website | http://www.kaizenae.com/ |
Letter of Credit (LC) Management
for Odoo
Convert POs into fully tracked Letters of Credit then let Odoo handle the accounting. Create an LC from a Purchase Order in one click, progress it through Draft - Issuance - Approved - Document Checking - Closed/Cancelled, and automatically post the right journal entries at approval and closure. Bank fees and LC coverage amounts are capitalized as landed costs to keep product valuation accurate, while shipment legs (from/to/via/date), commercial terms, and attachments live in a single record. Finance configures LC and stock input accounts plus the âBank Feesâ product once in Settings; the module uses them everywhere, ensuring consistent postings and audit-ready trails with linked journal entries and receipt status badges. Ideal for import-heavy businesses trading, manufacturing, distribution this add-on eliminates manual journals, tightens compliance, and delivers true cost visibility from PO to inventory.
© 2025 Kaizen Principles
What's New in Letter of Credit (LC) Management for Odoo
LC Letter Management
Financial Integration
Purchase Order Integration
Shipment Tracking
Kaizen Principles
Your Partner
We're here to support your growth 24/7. Connect with our experts now.
All Features
Create & manage LCs against Purchase Orders. From the PO, users can open an LC record with one click and track it through clear stages: Draft - LC Issuance - LC Approved - Document Checking - LC Closed/Cancelled.
Automated accounting entries. When an LC is approved or closed, the module posts the correct journal entries using company-configured accounts (LC account, stock input, bank account, expense account for bank fees, partner payable).
Cost capitalization via Landed Costs. Once related receipts are completed, the LC coverage amount (and bank fee product) is applied as a landed cost, fairly adding to the inventory valuation.
Shipment and terms tracking. Capture shipment legs (from/to/via/date), partial & transshipment rules, and store commercial terms, payment terms, and attachments in one place.
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Payment Provider: Tamara
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Learn More »Free 30 Days Support
Kazien Principles will provide FREE 30 days support for any doubt, queries, and bug fixing (excluding data recovery) or any type of issues related to this module. This is applicable from the date of purchase.
Letter of Credit (LC) Management
Gain full control over Letter of Credit purchases procurement and finance create clean, compliant LCs straight from confirmed Purchase Orders, with zero manual journals. A guided flow moves each LC through Draft - Issuance - Approved - Document Checking - Closed/Cancelled, while accounts and products configured in Settings drive automatic journal entries at approval/closure. After receipt, LC coverage and bank fees are capitalized as landed costs for true product valuation no spreadsheet work. Shipment legs (from/to/via/date), commercial terms, and attachments stay in one record, and smart buttons link every journal entry back to the LC and originating PO for airtight audit trails. Whether youâre tightening compliance, improving costing accuracy, or speeding month-end close, this module standardizes LC handling, reduces errors, and keeps your purchasing and accounting perfectly in sync.
Configure LC Accounts & Bank Fees
Create LC & Define Coverage
LC Issuance
LC Approved â Post Initial Entries
Document Checking
LC Closed â Final Posting & Costing
Configure LC Accounts & Bank Fees
Set the posting backbone for LCs. Choose the LC Account, Stock Input Account, and the Bank Fees (service product) used for charges. These settings drive the automatic journal entries at Approve/Close and the landed cost capitalization after receipts so costing and audit trails stay consistent across all LCs.
Create LC & Define Coverage
Open a new Letter of Credit from the Purchase Order and capture the essentials: applicant/beneficiary, issuing bank, expiry date, and bank fees. Set the Amount (Fixed or %), then choose the Coverage type (Uncovered/Partial/Fully Covered) the system auto-computes net and cover amounts. Add shipment legs and any terms or attachments so finance, logistics, and audit all work from one source of truth. When ready, move to LC Issuance.
LC Issuance
Review the LC details and confirm issuance. Once issued, the record is locked for structure changes and ready for financial approval. Ensure coverage, bank fees, shipment legs, and expiry are correct this snapshot becomes the basis for subsequent approvals, document checks, and accounting entries.
LC Approved â Post Initial Entries
The LC is formally approved. The system posts the initial journal entry based on your configured LC, bank, and expense accounts, and locks in the approved coverage and fees. Use the smart button to view the generated Journal Entry; proceed to Document Checking once bank documents begin flowing.
Document Checking
Verify shipping and bank documents against LC terms invoice, packing list, BL/AWB, insurance, and certificates. Attach files, confirm shipment legs, and resolve discrepancies before closure. This stage ensures the approved coverage and fees align with received documents so the final accounting and landed cost capitalization proceed cleanly.
LC Closed â Final Posting & Costing
Close the LC after documents are verified and goods are received. The system posts the final journal entry and applies the LC coverage/bank fees as landed costs to inventory, ensuring accurate product valuation. All attachments and journal links remain for audit nothing left manual.
One-Click LC from Purchase Order
Kick off the LC process directly from the PO with LC Letter. This creates a prefilled LC linked to the order (vendor, company, currency), avoiding duplicate data entry and ensuring full traceability from procurement to accounting. If an LC already exists for this PO, the button switches to a quick view of all related LCs.
Why Kaizen
You know us as the makers of the Odoo "Letter of Credit (LC) Management for Odoo".
Kaizen's Top App Recommendations
Take a look at our other Odoo apps designed to make your life easier with a smooth workflow. Don't miss the chance to uplift your Odoo ERP experience with our apps!
More Apps »
POS Tamara
Pay point of sale orders with tamara payment gateway and refund orders paid with tamara....
Learn More »
UAE Corporate Tax
Get Complete State-specific legislation view of Company income taxes Generate / redraft related journals at any time during the year...
Learn More »
Stock Report PDF
PDF report to print inventory transactions using different fillters...
Learn More »
Payment Provider: Tamara
Integration With Tamara Payment Gateway (E-commerce and Point of Sale)...
Learn More »Kaizen Odoo Services
Upscale your business with expert services from an Odoo Gold Partner.
Module Development
Implementation
Customization
Integration
Migration
Support & Maintenance
Consulting
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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