LC Management System
One of Snipex's most specialized products — built for import businesses handling shipments worth crores of taka and businesses involving multiple investors. It connects import costs to inventory, sales, profitability, and investor distribution.
LC #4021 — Progress
Landed cost per product
Investor distribution
Know the true cost and true profit of every shipment
Before Snipex, importers often struggled to accurately calculate true product costs and investor profits across complex import shipments. After Snipex, they can automatically allocate landed costs to individual products and track profitability from LC opening through final investor distribution.
- · How much of a bank charge belongs to Product A versus Product B?
- · What is the actual profit from an LC, and how should it be divided?
- · What happens when investor percentages change, or a cost was missed?
A complete 11-stage import workflow
From proforma invoice to final profit distribution — every stage is tracked in one place.
- 1
Proforma Invoice
Supplier quotations, products, and prices.
- 2
Insurance
Insurance coverage and premium payments.
- 3
LC Opening
Letter of Credit setup and margin deposits.
- 4
Bank Charges
Tracking bank-related processing costs.
- 5
Commercial Invoice
Final shipping invoices, including batch details.
- 6
Document Release
Uploading and managing LC-related documents.
- 7
CNF & Customs
Customs, freight, port, and related charges.
- 8
Weight Scaling
Port weight verification and adjustments.
- 9
Goods Received
Receiving goods and recording inventory.
- 10
Sales
Tracking sales against received goods.
- 11
Profit Distribution
Calculating and distributing final profits among investors.
Import costing, handled automatically
Multiple currencies, fluctuating exchange rates, shared overhead, and differences between billed and received quantities — all accounted for.
Smart cost allocation
Shared costs are distributed proportionally based on product value.
Comprehensive cost tracking
Different cost categories are captured throughout the LC lifecycle.
Automatic recalculation
When costs change, product costs can be recalculated automatically.
Currency conversion
Foreign-currency transactions and exchange rates handled within costing.
Flexible unit pricing
Supports both quantity-based and weight-based costing.
Flexible investor profit distribution
Profit is calculated per LC and distributed using the profit-share percentages applicable at the time of closure — with full support for changes over time.
- Changing investor percentages over time
- LC reopening
- Adding forgotten costs
- Correcting errors
- Complete investor ledgers
- Profit, expense, commission and salary tracking
- Historical profit distributions
Profit formula
Total sales revenue − total landed costs − applicable losses
Complete cost-to-profit traceability
Follow every shipment from LC opening to investor distribution — final product cost, batch inventory, profit per sale, per product, and per LC.
Multiple LCs, managed simultaneously
Each LC has independent status tracking, separate cost summaries, individual inventory records, and its own profitability and profit distribution — while the investor ledger consolidates information across every closed LC.
Built for significant scale
Import businesses handling shipments worth crores of taka, with multiple investors
Primary users: business owners and import managers.
Stop reconciling landed costs in spreadsheets
See how the LC Management System would track your imports from proforma invoice to investor payout.