Security Deposits and EMD

[Former Member]

Dear Friends,

Any body explain the following please?

The basic settings for EMD (Earnest money Deposit) and Security Deposits. Are both one and same?

When i am giving Sp GL Request in f-37 i am not able to find feild "Tendering Document" as Reference and my SD & Proj Management Colics are wants to give Tendering Document as a Reference while creating a Spl GL for EMD.

Please explain the scenario... I may incurrect .... please correct me...

thank you

[Former Member]

till not understood the scenario posting details

[Former Member]

Hi

You are correct. EMD and Security Deposit have to be created as Special GL. But I guess they are part of Balance Sheet and as such have to be created as Other Special GLs. You need to maintain the required settings for your special GL in FBKP. The differentiation between EMD and Security Deposit is purely a Buisness Call and depened on your Business requirement, though in true sense, both are same.

Please check with your customer/Client/User, how do they want to show these deposits and depending on the same, you can define a new Special GL for the same

Regards

Sanil K Bhandari

[Former Member]

Thank you for your fast repply....

Say in the case of LC & BG we need to created separate notes to the FI STatements (As they are not part of either P & L Account and B/S)....

and some of other Spel GL's like Security Deposits and EMD are part of B/S...

My dooubt is how to configure both types of Specl GL Accounts in order to generate reports as per statutory requirements...

Please can you answer....?

Thank you

[Former Member]

Hi

In Such a case, you need to create the special GL as noted Items. The t code for the same is FBKP. Click on Special GLs. Now click on create and You will come to the properties screen. Click on Noted Items and specify the right GL Accounts.

Regards

Sanil K Bhandari

[Former Member]

Thank you dear...

How may GL's and How many Special Gls and How many Recon Accounts are required for a noted Secl GL Account?

Can you help me please?