Bill of exchange Processing (Receivable) Bill of exchange processing offers the use of an additional payment method in the SAP

system. There is the option of beginning the bill of exchange process with a bill of exchange request to the customer, to which the bill of exchange receivable received is posted with reference to the bill of exchange request, or else to post a bill of exchange receivable received from the customer direct without a previous bill of exchange request. The system treats bills of exchange as special general ledger transactions. This means that these transactions are automatically managed in the subledger separately, and posted to a special reconciliation account in the general ledger. This gives you a continues overview of the bill of exchange transactions. If a bill of exchange receivable is posted, the open customer item is cleared on the customer account, and replaced by a bill of exchange receivable against the drawee. This bill of exchange receivable is updated as a special general ledger transaction to a separate reconciliation account. A bill of exchange may also be posted on account. The special general ledger functions enable you to gain an overview of the bills of exchange posted on the customer account at any time. The general ledger account assigned to the special general ledger transaction Bill of Exchange enables an overview of the total amount of all bill of exchange receivables posted. With the payment of a bill of exchange payable, the bill of exchange receivable or liability is extinguished. The bill of exchange receivables are copied to a bill of exchange list that functions as a separate subledger, and which in some countries meets the duly prescribed reporting standards. It includes all of the basic data of incoming bill of exchange receivable, such as the expiration date of the bill of exchange and the address data of the debtor. On the receivables side, the following bill of exchange transactions can be posted: Bill of exchange request (acceptors/bank bill of exchange) Bill of exchange receivable Check/bill of exchange receivable

The Bank Accounting (FI-BL) component provides also bill of exchange presentation functions, bill of exchange liability cancellation, and processing of failed bills of exchange. The business process consists of the following steps: 1. 2. 3. 4. 5. 6. 7. 8. Post outgoing invoice Post bill of exchange request Post bill of exchange by request Post customers bill of exchange Post discounting of bill of exchange Post collection of bill of exchange Post forfeiting of bill of exchange Cancel bill of exchange liability

Result: The system creates a document, updates the transaction figures of the accounts involved, and informs you of any internally assigned document number. An open item is created on the customer account that is cleared by the bill of exchange receivable (taking into account any possible bill of exchange request). The bill of exchange receivable against the customer is extinguished by the drawee when the bill of exchange is paid.