8/17/2019 Bank Guarantees Configuration

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SAP : Bank Guarantees Configuration

Bank Guarantees are normally two stage transactions i.e

1. When you receive the Bank Guarantees

2. When you receive the payment for which it was issued

The configuration for Bank Guarantees can be done using the T Code B!".

#ou need to assign the G$ accounts for the %pecial G$ &ndicator 'G'.&n tis process you can do it for

Customers or (endors.

&t is a G$ )ccount )ssignment to the *econciliation )ccount that is being assigned the Customer or

(endor master.

When ever a Bank Guarantees is received then we enter the data as noted item. )nd the amountwould be shown as a open item in the Bank Guarantees G$ account.

When the amount is received then in the entry screen for the amount received we also select the

%pecial G$ indicator G so that the +pen &tem gets cleared.

By doing so it would be possible to arrive at the list of the Guarantees open at any point of time.

The steps are as follows :

1.T Code B!" for G$ )ccount )ssignment to the *econciliation )ccount2.T.Code ,- for entering the Bank Guarantees received as /oted &tem.

0.T Code ,2 for Guarantee received from the Customer for the sales invoice. &n the first screen in

the +pen &tem %election segment provide 'G' as the %pecial G$ indicator after providing the

Customer /o.

The system would automatically clear the Guarantees along with the invoice amount.

We will not receive the BG from Customer nor pay to the (endor. as %ecurity there will be eposit

in our bank account.

the 3ntry for the same will be

* * with Bank for BG.4 5 of the BG as deposit 4asset6

* Bank Charges.4 5 of BG7 will be e8pense6

C* Bank CC )9c 4 CC already allot for the client6

&n case of delivery fulfilment with customer or after the fi8ed term the entry will be

Cr * with Bank for BG

Cr &ntrest Charges 4 &ncome on the eposit6

r Bank.