LC Header

Keep the bank, vendor/customer, LC amount, currency, opening date, expiry date, shipment deadline, accounting accounts, and linked PO/SO in one controlled document.

Batch Lines

Plan and process each shipment or payment batch separately, with expected dates, payment dates, bank fees, shipment references, and accounting links.

Auto Settlement

Opening an LC creates the bill or invoice. Processing each line registers a partial payment and creates paid bank-fee bills when charges apply.

Import LC

• Creates a vendor bill for the full LC amount when the LC is opened.
• Processes each batch as a partial payment against the bill.
• Tracks remaining LC limit after each payment.
• Creates and pays bank-fee bills separately from the LC limit.

Export LC

• Creates a customer invoice for the full LC amount when the LC is opened.
• Processes received LC payments as partial invoice settlements.
• Shows payment-in amounts separately from payment-out amounts.
• Keeps customer, bank, invoice, and payment traceability in one record.