Special GL Accounts

Hi,
Can any1 explain why do we use special GL accounts. What kind of special gl accounts exist and how does this concept of special gl accounts works? I know they are used in down payment, are there any other place where special gl accounts are used.
Thanks,
shruti

Hi,
Let me explain your question in Accounting point of view -
We know very well the different accounts like, personal, real and nominal. All the real and personal  accounts are shown in the B/s and nominal accounts are in P & L Accounts. Personal Accounts includes Natural persons, legal personalities (like Comapnies, Firms and Association of persons) and also verity type of accounts like outstanding and prepaid accounts.
In the case of natural and leagal persons we have separate masters (like vendor and creditor, Employees etc.,) but in the case of out standing things we have no separate area which is required. So in SAP these can be treated as Special GL Accounts,
In Special GLs there are different things are included as follows:
1 All the out standing (prepaid, Advances Recived) nature items
2 All the items of trasactions which are treated as Contingetn Liabilities (which can only be shown as Noted items to the Final Accounts)
3 All the types of items like Guarantees given / Recived to pay or to fulfill the obligations.
Example for Contingent Liability is .... Say your friend X paid me Rs. 5000 and you given surity specifying that "if your friend fail to pay the amount you will pay me". Then these Rs. 5000 will become a contingent Liability only for you. Because, at present, it is neither Asset for you nor Liability. If your friend pays me promptly, then no liability / obligation on you. Similarly, you will be made liable only if your friend fails to fullfill his obligation. But at current time you cont decide because you dont know that your friend is going to pay me or not.
Example for BG, -- You entering into an agreement of supply of finished Profuct to your customer. And this dealing with that particular customer is, say, forst time for you. So he need some surity / he demands some security deposit. He need this becasuse, You are the first supplier to him and your finished goods are used his production as raw material and if you not supply properly his dealings with his customers may effect.
in this case you must deposit amount in a nationalised bank on your customer's name. Absolutely it is an asset for you because cash is flown out side of the organisation and it is kept in favour of Customers.
So these type of expenses / items need to show separately and nature of these transactions are much differ from that of other transactions. So Special GL is arrainged in SAP to configure all these...
I hope you may clear now...

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