Introduction
This feature helps to maintain LC details for purchase / sale transactions and create LC and link the bill to the LC for that party.
Mandatory Fields
| Mandatory Fields |
|---|
| Year - Pre-Selected as current fiscal years |
| LC No - Auto generated by System. |
| LC Details |
| Date - Pre selected as current date Validation - Date must be between FY Start AND FY End |
| Select Party Name - Select from Party Master |
| Currency - Pre selected as INR (Options as per Currency Master) |
Conversion Rate Validation - Conversion rate must be between 0.0001 and 999.9999 |
Amount Validation - Amount must be between 1 - 99999999.99 - LC amount (plus tolerance) must be more than total amount of bills |
Tolerance % Validation - The value ‘3.2’ (decimal values) is not valid for tolerance. |
| Valid Upto - Pre selected as current date Validation - Valid upto date Must be between One Year From the Date of LC |
Optional Fields
| Optional Fields |
|---|
| Last Shipment Date |
| Notes |
| Status - Live, Expired |
Features
| Features |
|---|
| Create New |
| Modify - If document status is expired, this option will be disabled. |
Delete Alert- If document status is expired, this option will be disabled. - Only one line is there in this document. You have to delete the whole document itself. |
| LC Details - To show the list of LC details |
LC BE Create - Mandatory Fields
| Mandatory Fields |
|---|
Bill Amount Validation - Bill amount is in excess of LC limit If the BE amount excessed the balance of LC limit |
Select BE No Validation - BE no. is already connected to another LC |
LC BE Create - Optional Fields
| Optional Fields |
|---|
| LC No |
| Bill No |
| Due Date |
| Qty |
LC BE Create - Features
| Features |
|---|
| Create New |
| Modify - If document status is expired, this option will be disabled. |
| Delete - If document status is expired, this option will be disabled. |
| Bill of Exchange - To create Bill of Exchange details (BE). |
BE Create - Mandatory Fields
| Mandatory Fields |
|---|
| Year - Pre selected as current fiscal year (Select from Year combo box). |
| BE No - Auto generated by System |
| BE Details |
| Date - Pre selected as current date Validation - Date must be between FY Start AND FY End |
| Due Date - Pre selected as current date Validation - BE due date cannot exceed 100 days from the date of creation - Due date cannot be less than date of creation |
| Select Party - Select from Party Master |
BE Create - Features
| Features |
|---|
| Create New |
| Modify |
| Delete |