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.
Special G/L Transactions: Overview
Special G/L transactions are special transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and the subledger. This may be necessary for reporting or for internal reasons. For example, down payments must not be balanced with receivables and payables for goods and services. Consequently, they are treated as special G/L transactions in the General Ledger (FI-GL) Accounts Payable (FI-AP) and Accounts Receivable (FI-AR) application components.
Special G/L transactions are already available in the standard system. However, you can change the specifications or define your own special G/L transactions.
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