Please tell me how to configure for bank guarantee?does LC and bank guarantee are same?
BGs does not have finanacial impact.So you create reconciliation GL account for BG (FS00) and assign the same in T code FBKP.Select special GL, then select guarantees given ( Spl GL indicator 'G ' for customers .
Give REco account and special Gl numbers. Under properties tab select "others" under spl Gl tms types and check noted items." box save your entries. Now you can post BG in F-49 for Customers.Select posting key 09 and due date of BG. it will save
Assign poins if useful