Documentary Credits
Documentary Credits is a financial document issued by a bank at the request of the guarantor payment consignee to the shipper of the goods if certain conditions and conditions are met. Usually, the documentary credit contains a brief description of the goods, the required documents, the date of shipment, the expiration date after which payment will no longer be made.
Registration and follow-up of documentary credits and the budget for the import of items, detailed information on credit, invoices and expenses for each item with recalculation for them after the distribution of all various expenses and taxes and the addition of inventory movements, and also extract a detailed report and summary information on the cost of credit facility.
From it is possible to obtain the credentials of the contracted categories, the balance of the dependency and the indication of the items supplied, as well as some analytical reports describing the import, all expenses on the funds and the distribution of indirect costs on the cost of the basic costs of the product.
Documentary credits features & benefits
- Define precise permissions for users to enter, update and delete data.
- Registration and maintenance of personal and financial data of all suppliers.
- Record and maintain supplier quotations for each item with price, currency, quality, payment terms to help choose the best supplier.
- Recording and maintenance of primary billing data such as items, quantities, prices, payment terms, place of delivery ...... Etc.
- Documentary credit data such as the number of credits, type, supplier, items, prices, quality, value, exchange rate of currencies and banks, payment terms, date of opening the credit, place of delivery, etc .... Etc.
- Receive partial and full shipments.
- Display the stage restrictions according to a set of parameters such as date, source and daily
- It allows you to determine the value of Customs and sales taxes for each item in the shipment.
- Automatically calculates the cost of each shipping item (or each L / C item) in foreign currency and its local currency equivalent to the valuation of a foreign currency unit against its local currency equivalent.
- Calculation and distribution of documentary credit expenses on items and recalculation of the cost of prices by posting them with the addition movements in the inventory.
- Extract the cost report of documentary credits in local currency.
- And other reports cover all user requirements.
