| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Purchase (purchase) • Discuss (mail) |
| Community Apps Dependencies |
Show
•
Odoo 16 Accounting
• Cash Book, Day Book, Bank Book Financial Reports • Customer Follow Up Management • Odoo 16 Account Bank Statement Import • Odoo 16 Accounting Financial Reports • Odoo 16 Assets Management • Odoo 16 Budget Management • Odoo 16 Fiscal Year & Lock Date • Odoo 16 Recurring Payment |
| Lines of code | 10399 |
| Technical Name |
cost_analysis |
| License | OPL-1 |
| Website | http://aamsoftvalley.com/ |
| Versions | 16.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Purchase (purchase) • Discuss (mail) |
| Community Apps Dependencies |
Show
•
Odoo 16 Accounting
• Cash Book, Day Book, Bank Book Financial Reports • Customer Follow Up Management • Odoo 16 Account Bank Statement Import • Odoo 16 Accounting Financial Reports • Odoo 16 Assets Management • Odoo 16 Budget Management • Odoo 16 Fiscal Year & Lock Date • Odoo 16 Recurring Payment |
| Lines of code | 10399 |
| Technical Name |
cost_analysis |
| License | OPL-1 |
| Website | http://aamsoftvalley.com/ |
| Versions | 16.0 |
Import LC Management
An Import LC is a bank's guarantee to pay an exporter once the agreed-upon goods are delivered, ensuring secure international trade transactions.
Overview
Features
Screenshots
Process-01: Basic General Infromation
Initially form Bank LC document and vendor invoice, we have to fill all the basic information first.
Here form Bank LC document - we will get LC number, Value Conversion Rate, margin for advance & some other LC related Bank
expenses. using those information LC value in local currency as converted LC value and Advance Amount will be calculated.
From Vendor Invoice - We will fill product information including unit price, quantity.
Also there might have a scene for local agent payment - we can add the value in actual currency and local currency.
Process-02: Loan & Advance Creation
To confirm the bank LC advance and due amount, here in the form we have a button named as "Create Bank Loan". On click of that button we will have this wizard opend where LC advacne amount will be auto populated. We need to add payment journal from where we entered advance payment. and then need to hit "Create Loan" button. It will create payment journal and add loan advance and due information on LC form.
Process-03: Local Agent Payment Process
If we enter any local agent payment then we must confirm it by clicking button named as "Confirm Local Payment".
On click of it - this wizard will open where total amount in local currency will be auto-populated. we need to
select payment journal and then need to hit "Post Local Agent Payment". this will create a payment journal for local agent.
Process-04: Expense Record
There must have several area of expenses in the whole LC Process - from bank lc to product shipment & receive. we
have to enter those expenses in the External Expense Section.
Here we can add Expense Area, Details and Expense Amount. here one extra field is status. until we make the payment
we should keep the status as draft. onece it is paid then status will be posted.
Process-05: Expense Payment
On LC form on click of the button "Post All Expenses" - will open an wizard where total of all expenses for which status is draft
will be auto populated on payment amount. we need to add payment journal and hit "POST" which will create the payment journal
We can do the Process-04 and 05 multiple time if we want to add the expenses time by time.
Process-06: Finalization on LC document
Once we will have the product ready to receive in company warehouse - we need to validate all LC posting. To do that
we need to click "Validate LC Costing" - that will open wizard for bank due amount on "Previous Loan Amount".
on LC initial date and LC validation time there might have some time difference. In between currency exchange
rate can be changed. So, we need to enter "New Loan Value".
We can pay instantly or keep it as loan. to instant payment wee need to select payment journal also.
This will create journal for due amount as Bank payable if we keep it as loan.
Process-07: Purchase Process
To stock in the product wee need to create a purchase order. We can create purchase order by clicking "Create PO". On click it - product purchase price will be auto calculated using LC Value, Advance Amount, Local Agent Payment, Local agent in local currency, Product Unit Price, Total Loan Amount & Total Expense.
Process-8: Purchase Order
Unit Price will be auto calculated by LC on purchase order. we can advance further process of Confirm Order > Product Receive > Create Bill
Process-9: Bill Automation
When will post the bill it will be automatically paid. no need to register payment.
Because all the payment for this purchase we already paid by LC process.
Payable amount will be adjusted with those LC related payment.
Process-10: Loan Adjustment
There can have a scenario if bank will not provide all valid document in time of purchase order. So, if they provide
valid document later then we can adjust the loan using "Adjust Loan" button which will open with previous loan value
with new loan value.
If bank loan value reduced then difference will be added as income asset otherwise expense.
Process-11: Bank Loan Payment
To pay bank loan we have a button "Make Payment" on loan line. on clik of that wizard we will have loan due amount on payment amount we pay along with bank interest.
Process-12: Configuration for Journal
Add Configuration for account journal on LC Advance, LC value, adjustment account, expnese account.
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Demo
We have urgent requirement for LC module, please discuss price and demo ASAP.
Re: Demo
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