Defining Special G/L Indicators (SAP Library

Defining Special G/L Indicators

As part of customizing postdated checks (PDC), you must define a special G/L indicator. This indicator identifies a special G/L reconciliation account (for example, PDC receivable) that replaces the normal reconciliation account. When you then post an incoming payment with a PDC, the system posts the entry to this special G/L reconciliation account instead of to the normal receivables account.

To create a new special G/L indicator, in Customizing for Financial Accounting, choose Bank Accounting ® Business Transactions ® Bill of Exchange Transactions ® Bill of Exchange Receivable ® Post Bill of Exchange Receivable ® Define Alternative Reconcil.Acct for Bills/Exch.Receivable.

Maintain the following information:

Rel.to credit limit (Take into account for credit limit?)

Set this indicator according to your company's policy.

Define descriptions for debit and credit posting keys

Example

Debit 09: PDC receivable

Credit 19: Reverse PDC receivable

Choose Accounts and assign the special G/L account (for example, PDC receivable) to the normal reconciliation account.