Financial accounting Letter of credit

Question

Dear All,
Please help me out.
How to post the statistical posting like letter of credit in sap and what sp gl config we have to do?
Thanks & Regards,
Bhadresh V. Shah
9967649163

Answer 1

Hello
Guarantees made are shown in the notes to the balance sheet. Guarantees received, however, are not displayed on the balance sheet. Nevertheless, it is a good idea for internal purposes to have an overview of the guarantees that you have received. In the SAP system, therefore, you can manage guarantees made and received separately from other business transactions - as special G/L transactions.
Processing Guarantees in the SAP System
In the Financial Accounting application component, you use a special function to post guarantees. When you enter a guarantee, you merely enter the account assignments for posting to the customer or vendor account. The offsetting entry is always made to the same offsetting account, a clearing account. This is carried out by the system.
       1.      You post a guarantee made to your customer’s account.
       2.      The system makes the offsetting entry automatically to a clearing account.
Transactions where the system always makes offsetting entries automatically to the same account are called statistical postings, since they are generally not displayed on the balance sheet or only in the appendix. For example, guarantees received are not displayed while guarantees made are displayed in the appendix of the balance sheet because of the liability to recourse.
You require the following to post guarantees:
·        Separate special G/L accounts for guarantees made and guarantees received.
For more information, see Special G/L Accounts
·        Clearing accounts for the offsetting entry
For more information, see Clearing Accounts
·        Posting keys for the offsetting entry
These posting keys are already defined in the system.
Clearing Accounts
To make an offsetting entry for a guarantee posting, you create the clearing account and define the account number in the system for the automatic posting. You must specify the clearing accounts separately for each chart of accounts. You can differentiate the accounts per debit and credit postings. Since the automatic offsetting entry procedure can be used for any special G/L transactions, you can also differentiate the accounts per account type via the special G/L indicator.
You post guarantees made and received in your system. Additional transactions can also be configured for which an automatic offsetting entry posting is necessary. This enables you to post interest receivables to the same account for example. You would then differentiate your clearing accounts according to the account type and special G/L indicator.