Once the due date of the guarantee is passed, your potential liability for the amount no longer exists. You can then reverse the guarantee posting. To do this, you need only select the required guarantee: The system then makes the necessary postings automatically.

The above example results in the following postings:

(3) The system posts the guarantee amount to the customer and to the special G/L account as a credit entry in each case.

(4) The offsetting entry is made to the clearing account.