Letter of Credit Management
A complete LC lifecycle management system for Odoo 18 — from issuance to settlement, with full accounting automation, bank loan tracking, and deep integration with purchasing and inventory.
Built for Import-Focused Businesses
If your company uses Letters of Credit for international trade, this module gives you full control — from opening the LC at the bank to final settlement — all inside Odoo.
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Import and Trading CompaniesManage all your LCs in one place. Track status, documents, payments, and bank charges across multiple currencies and suppliers. |
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Manufacturing with Imported MaterialsLink LCs directly to purchase orders and landed costs. Know exactly what each shipment costs including all bank and freight charges. |
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Finance and Accounting TeamsAutomatic journal entries for every LC transaction — no manual bookkeeping. Full audit trail from LC opening to final payment. |
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Procurement ManagersSee which purchase orders are covered by LCs, track shipment status, and manage document submission deadlines in one view. |
Everything You Need to Manage Letters of Credit
A complete system covering the full LC lifecycle with automation at every step.
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Full LC LifecycleDraft, Issued, Shipment In Transit, Documents Received, Under Settlement, Settled. Every stage tracked with dates, notes, and responsible users. |
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Bank Loan ManagementTrack LC financing, pre-shipment and post-shipment loans. Automatic journal entries for loan disbursement, interest accrual, and repayment. |
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Advance Payment TrackingManage advance payments to suppliers and from customers. Track adjustments and reconciliation against final invoices automatically. |
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Purchase Order IntegrationLink any LC to one or more purchase orders. Auto-populate vendor bills from LC data. See LC status directly on the PO form. |
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Landed Cost IntegrationInclude LC bank charges, freight, and customs duties as landed costs on incoming shipments. Accurate product costing from day one. |
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Real-Time DashboardOverview of all active LCs, total exposure, pending settlements, and upcoming deadlines. Filter by bank, currency, or status. |
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Document ManagementTrack required LC documents — Bill of Lading, Commercial Invoice, Packing List, Certificate of Origin. Mark received and submitted dates. |
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Multi-Currency SupportOpen LCs in any currency. Automatic exchange rate handling for accounting entries. Full currency gain/loss tracking. |
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Accounting AutomationEvery LC transaction generates the correct journal entries automatically — LC opening, margin payment, bank charges, settlement, and loan repayment. |
6-Stage LC Lifecycle
A structured process that mirrors real banking practice — from opening the LC to final settlement.
1 DraftCreate LC with supplier, bank, amount and terms |
2 IssuedLC opened at bank, margin paid, accounting entries created |
3 ShipmentGoods shipped, shipment date and vessel details recorded |
4 DocumentsShipping documents received and submitted to bank |
5 SettlementBank processes payment, charges calculated |
6 SettledLC closed, all accounting entries finalized |
Questions? Need Support?
Whether you need help with installation, accounting configuration, or have a question before purchasing — reach out directly. Fast, personal support from the developer.
acc.mamin2@gmail.comTypically responds within 24 hours · Available for custom development
| Availability |
Odoo Online
Odoo.sh
On Premise
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| Odoo Apps Dependencies |
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Discuss (mail)
• Inventory (stock) • Invoicing (account) • Purchase (purchase) |
| Lines of code | 7968 |
| Technical Name |
letter_of_credit_v18 |
| License | LGPL-3 |
| Website | https://github.com/MAmin077 |
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Version 19
Hello,
I was wondering if it's available in V19? If yes, can you share some screenshots? Thank you
very good! Upgrade 19