11.2.3.3 Incoming Advance

Table 11-76 Stage

Stage	Clean / Doc	Sight/Usance	Bill Under LC
FIN	DOC	Sight only	Yes (mandatory)

Table 11-77 Accounting Entries

GL Type	A/C Type	Dr/Cr	Account Description	CCY	Amount
Real	Income	Cr	Charges earned.	LCY	Equivalent charge amount in LCY.
Real	Customer /Account Receivable	Dr	Customer/Charges Receivable	CCY	Equivalent amount of charges in the charge currency if it is a Account Receivable else equivalent amount of charges in Customer Account Currency
Real	GL	Cr	Advance under LCs	CCY	Bill amount that was advanced under the LC in the contract currency.
Real	Customer	Dr	Customer Payment Account	CCY	Equivalent amount of the Bill amount being that was advanced, in the Customer Account Currency.
Real	GL	Cr	Profit Earned Not Collected	CCY	Profit for Bill in the Accrual Currency of the BC contract.
Real	Customer	Dr	Customer Profit Payment Account	CCY	Equivalent amount of Profit in the Customer Account Currency.

Table 11-78 Advices

Advice Type	Advice Description
PAYMENT_ADVICE	Debit Advice