SAP Bank Guarantee Process in SAP FICO
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What is SAP Bank Guarantees?
A bank guarantee is a formal assurance from the bank which makes sure that the liabilities of a debtor will be met. A bank guarantee empowers the debtor to acquire assets or draw loans in orders to expand their business activity. If in case the debtor cannot pay his labilities then the bank can be called for payment.
There are two stages involved in Bank Guarantees Transaction
- Receiving the Bank Guarantee
- Receiving the payment
SAP Bank Guarantees process
When a Bank Guarantee is received from the bank then the date is entered as a noted item which does not have any financial impact. This amount should be shown as open in Bank Guarantee GL A/C (hence it should be maintained on OIM basis). Use F-57 to record the transaction. Next, upon realization of payment for which it was issued, we select the Special GL indicator G to clear the open items. F-52 is used to process the same.
SAP Bank Guarantees T-codes
Here are some useful transaction codes for SAP Bank Guarantees
| T-code | Des | Functional Area |
| FOLB | Mass Print. bank guarantee for LO | RE – Real Estate Management |
| FS00 | G/L acct master record maintenance | FI – Basic Functions |
| F110 | Parameters for Automatic Payment | FI – Financial Accounting |
| XD01 | Create Customer (Centrally) | LO – Customer Master |
| FBL5N | Customer Line Items | FI – Information System |
| FD32 | Change Customer Credit Management | FI – Credit Management |
| XD02 | Change Customer (Centrally) | LO – Customer Master |
| F-53 | Post Outgoing Payments | FI – Financial Accounting |
| F-58 | Payment with Printout | FI – Financial Accounting |
| FF67 | Manual Account Statement | FIN – Basic Functions |
| FBKP | Maintaining Accounting Configuration | FI – Basic Functions |
| OBD2 | C FI Maintain Table T077D | FI – Basic Functions |
| VX11N | Create a financial document | SD – Basic Functions |
| F-57 | Vendor Noted Item | FI – Financial Accounting |
| F-49 | Customer Noted Item | FI – Financial Accounting |
| MIRO | Enter Incoming Invoice | MM – Invoice Verification |
| SEPA | EPS Server: Administration | BC – Transport Management System |
| SE11 | ABAP Dictionary Maintenance | BC – Dictionary Maintenance |
| SE38 | ABAP Editor | BC – ABAP Editor |
