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LC tracking

Former Member
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Dear all,

i have to capture the LC process pls help in cofigure the same in standard system

Regards

Prashant

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
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hi we are created one g/l reconciliation a/c (LC) and after that configured in fbkp the special g/l indicator W and assigned the a/cs after that thru f-40 we are posted LCs first line item is LCs credit and select process open items select ur invoice line item post it shows the transaction like

Vendor a/c dr

Vendor special g/l (LC) cr

after that at the time of clearing we are posted the transaction thru f-53

here we entered out going payment clearing a/c vendor number and special g/l indicator w and press enter select ur LC line item and post it. It shows the transaction like below

Vendor special g/l (LC ) dr

Out going clearing a/c cr

if u have any doubt let me know.

Former Member
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Hi

Bank gtee, Performance gtee and Letter of Credit - all three are statistical postings just like contingent assets or liabilities. It should be excluded from the financial statement version.

These needs to be entered in the below transaction codes:

F-55 - Vendor statistical posting entry

F-56 - Vendor statistical posting entry reversal

F-38 - Customer statistical posting entry

F-19 - Customer statistical posting entry reversal.

1) For entering this, you need to create a special G/L indicator like bank gtee recd or given, letter of credit recd or given and perf gtee recd or given for customer and vendor in FBKP transaction code.

For creating the special G/L indicator, you need to create recon accounts for these entries in FS00.

2) You need to create an offsetting account and provide open item management ticked and post automatically ticked in FS00 tcode.

Enter the entry in the above transaction codes.

In case of reversal entries, in the G/L account column, enter the alternative recon account which you provided in the special G/L indicator, enter customer/vendor number and document number and click edit line items. Set the line item to active, but selecting "+" from the F4 option and click post. This will reverse the document you have made.

The steps are as follows

1.T Code FBKP for GL Account Assignment to the Reconcilliation Account

2.T.Code F-49 for entering the Bank Gaurantee received as Noted Item.

3.T Code F-28 for payment received from the Customer for the sales invoice. In the first screen in the Open Item Selection segment provide G as the Specil GL indicator after providing the Customer No.

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

Hope I have provided the required T codes.

If satisfied my steps give points

Former Member
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There are two things :

1. LC for Customers

2. LC for Vendors

We know it as Bills of exchange. See this documentation - its very helpful. I implemented on basis of this.

http://help.sap.com/printdocu/core/print46c/en/data/pdf/FIBP/FI-AP-AP-BE.pdf

thanks