What are the noted items..How can we create? what are the advantages of Noted I

What are the noted items..How can we create? what are the
advantages of Noted Items?

Question Posted / durgaprasad.seelam

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What are the noted items..How can we create? what are the advantages of Noted Items?..

Answer / ravinder.pathania

The company normally requires the customers to secure their
credit lines with bank guarantees, cash bonds, personal
guarantees and even letters of credit. Some of these
documents however require monitoring since they usually have
expiration period.
The system provides monitoring of these noted items by
allowing the user to create noted items for a particular
customer. This would help the user monitor all these expiry
periods, special notes, and other information the user
deemed necessary to ensure full implementation of company
controls.
These noted items given by customers will increase the
credit exposure as well.
But BG/LC given to the customer by the company will not
affect the credit exposure.

The document entry of Noted Items is created by using T-Code
F-49. Using Special G/L indicator ‘G’ for Bank guarantee and
‘L’ for Letter of Credit when noted items are received from
customers.
When BG is given to customers Special GL indicator ‘Y’ maybe
given.

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What are the noted items..How can we create? what are the advantages of Noted Items?..

Answer / sappie

A special item that does not affect any account balance.

When you post a noted item, a document is generated. The
item can be displayed using the line item display.

Certain noted items are processed by the payment program or
dunning program - for example, down payment requests.

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