Special G/L Transactions: Bills of Exchange
The following topics explain how to post and process bills of exchange. For detailed information on Customizing settings, access Configuring the System Using the Implementation Guide
and read the information about the activity Business Transactions to be found under Accounts Receivable and Accounts Payable.
- Bills of Exchange: Overview
- Bills of Exchange Receivable
- Bank Bills and Bills of Exchange Payment Requests
- Bill of Exchange List
- Bills of Exchange Payable
- Check/Bill of Exchange Procedure
Bills of Exchange: Overview
The following types of bill of exchange can be managed in and posted to the Accounts Receivable (FI-AR) and Accounts Payable (FI-AP) application components:
- Bills of Exchange Receivable
- Bank Bills and Bills of Exchange Payment Requests
- Bills of Exchange Payable
- Check/bill of exchange in Accounts Receivable (reverse bill of exchange)
- Check/bill of exchange in Accounts Payable (reverse bill of exchange)
Bills of exchange are handled as special G/L transactions in the SAP System. These transactions are thus maintained independently of other transactions in the subsidiary ledger and are posted to a special G/L account in the general ledger. This affords you an overview of bills of exchange receivable and bills of exchange payable at any stage. Transfer postings are not usually necessary to display these items on the balance sheet.
For more information about special G/L transactions, see Special G/L Transactions: Down Payments and Payment Guarantees [Ext.]. You can also find explanations of other transactions that are available in the standard system here.
The following topics explain the preparation that is necessary for the posting and processing of the various bills of exchange. You can also find an explanation on posting and processing individual bills of exchange.
Special G/L Transactions: Bills of Exchange..............................................6
Bills of Exchange: Overview ...................................................................................................7
Bills of Exchange Receivable..................................................................................................8
Bills of Exchange Receivable: Introduction ........................................................................10
Posting Procedure for Bills of Exchange Receivable ........................................................12
Posting a Bill of Exchange Receivable ................................................................................13
Posting Bills of Exchange Receivable: Requirements ........................................................15
Special G/L Accounts for Posting Bills of Exchange...........................................................16
Bills of Exchange Receivable: Bill Charges ........................................................................17
Specifications for the Bill Charges ......................................................................................19
Requirements for Posting the Bill Charges .........................................................................21
Maintaining Terms of Payment for Bill Charges..................................................................22
Taxes on Sales/Purchases and Bill Charges......................................................................23
Defining how Sales/Purchase Tax on Bill Charges is to be Calculated..............................24
Posting the Usage of a Bill of Exchange Receivable..........................................................25
Posting Bill of Exchange Usage: Requirements .................................................................27
Bill of Exchange Liability at the Bank ..................................................................................28
Payment Period for Bills of Exchange .................................................................................29
Entering and Posting Bills of Exchange Receivable ..........................................................30
Entering and Posting Bill of Exchange Usage ....................................................................33
Posting Bill of Exchange Presentation ................................................................................37
Reversing Bills of Exchange.................................................................................................39
Case 1: Clearing Open Items Without a Deposit ................................................................40
Case 2: Clearing Open Items With a Deposit .....................................................................42
Case 3: Payment on Account Without a Deposit ................................................................44
Case 4: Payment on Account after Deposit ........................................................................45
Displaying Bills of Exchange Receivable ............................................................................47
Changing Bills of Exchange Receivable..............................................................................48
Bank Bills and Bills of Exchange Payment Requests ........................................................49
Posting Procedure for Bank Bills and Bill of Exchange Payment Requests ...................51
Bank Bills: Special Features .................................................................................................52
Posting a Bank Bill.................................................................................................................53
Posting Bank Bills of Exchange: Requirements.................................................................54
Bank Bills: Bill Charges.........................................................................................................55
Bank Bills: Preparations for the Payment Program............................................................56
Posting Bank Bills..................................................................................................................57
Bill of Exchange Payment Requests: Special Features .....................................................58
Posting a Bill of Exchange Payment Request.....................................................................60
Requirements for Posting Bill of Exchange Payment Requests.......................................62
Defining Bank Bills and Bill of Exchange Payment Requests...........................................63
Dunning Bill of Exchange Payment Requests ....................................................................64
Posting Procedure for Bill of Exchange Payment Requests.............................................65
Posting a Bill of Exchange from a Bill Payment Request ...................................................66
Processing Failed Bills of Exchange...................................................................................67
Bill of Exchange List ..............................................................................................................68
Bills of Exchange Payable.....................................................................................................69
Posting Procedure for Bills of Exchange Payable..............................................................70
Payment by Bill of Exchange ..............................................................................................71
Bill of Exchange Charges Statement ..................................................................................73
Paying the Bill of Exchange ................................................................................................74
Posting Requirements for Bills of Exchange Payable........................................................75
Posting Bills of Exchange Payable: Preparations ..............................................................78
Entering and Posting a Bill of Exchange Payable ..............................................................79
Entering and Posting the Payment of a Bill of Exchange ..................................................80
Reversing a Bill of Exchange Payable .................................................................................82
Displaying Bills of Exchange Payable .................................................................................84
Changing a Bill of Exchange Payable ..................................................................................85
Posting Returned Bills of Exchange ....................................................................................86
Check/Bill of Exchange Procedure.......................................................................................89
Check/Bill of Exchange in Accounts Receivable................................................................90
Posting a Check/Bill of Exchange in Accounts Receivable ................................................91
Canceling the Liability of a Check/Bill of Exchange in Accounts Receivable .....................92
Requirements for Posting a Check/Bill of Exchange in Accounts Receivable....................93
Specifications for the Bill of Exchange Posting...................................................................94
Entering and Posting a Check/Bill of Exchange in Accounts Receivable...........................95
Reversing the Bill Liability of a Check/Bill of Exchange in Accounts Receivable ...............96
Displaying a Check/Bills of Exchange in Accounts Receivable ..........................................97
Changing a Check/Bill of Exchange in Accounts Receivable.............................................98
Check/Bill of Exchange in Accounts Payable .....................................................................99
Payment by Check and Bill of Exchange ..........................................................................100
Check/Bill of Exchange: Bill of Exchange Usage..............................................................102
Requirements for Posting a Check/Bill of Exchange in Accounts Payable ......................104
Bill of Exchange Payable Arising From Bill of Exchange Issue ........................................105
Entering and Posting a Check/Bill of Exchange in Accounts Payable..............................106
Check/Bill of Exchange in Accounts Payable and the Payment Program........................107
Posting the Bill of Exchange Usage for a Check/Bill of Exchange in Accounts Payable..108
Posting the Payment of a Check/Bill of Exchange in Accounts Payable..........................109
Reversing the Bill Liability of a Check/Bill of Exchange in Accounts Payable ..................110
Reversing an Accounts Payable Check/Bill of Exchange.................................................111
Displaying an Accounts Payable Check/Bill of Exchange ................................................112
Changing an Accounts Payable Check/Bill of Exchange..................................................113
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