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SAP Bank Guarantee Process in SAP FICO

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


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