Bill of Exchange Usage (Discounting) 

The bill of exchange will now be forwarded to the bank for refinancing (discounting). In the following scenario, you post the bill of exchange usage (manually) as soon as the bill of exchange amount is credited to your account. The incoming money is posted to the account and the bill of exchange charges are posted to the respective expense account. The reverse posting is done by the system automatically. This posting is made to a bill of exchange liability account (bank sub-account).

  1. Select in the SAP R/3 System screen Accounting ® Financial Accounting ® Accounts Receivable.
  2. On the Accounts Receivable screen, select Document entry ® Bill of exchange ® Discounting.
  3. On the Post Bill of exchange Usage: Header Data screen, enter the following data:

    4. Field

    Data

    Document date

    current date + 2 Months

    Company code

    1000

    Currency/ rate

    DEM

    Trading part.BA

    		  

    Usage

    D

    Value date

    today + 2 Months

    Bank account

    113100

    Amount

    659.481,10

    Bank charges (charges + discount charges)

    5.546,90

    Note: The amount 659.481,10 corresponds with the bank credit on your current account. It is calculated from the original order amount (665.028) deducted by the charges (5,-) demanded by the bank, and the discount interest (5.541,90) that have to be paid for the early discounting. As we put the bill of exchange in the bank 30 days early, the bank charges discount interests of DEM 5.541,90.

  4. Select bill of exchange.

    5. If the system displays a warning "Check - document date is in the future", confirm it with Enter.

  5. On the Post Bill of exchange Usage: Choose Postings screen, enter the following data:

    6. Field

    Data

    Document number

    Document number of the bill of exchange

    Fiscal year

    Current year

  6. Select Document Overview. The system displays the Document Overview. The document should look as follows:

    7. 001 40 0000221000 discount charges 5.546,90

    002 40 0000113100 Dte Bank (domestic) 659.481,10

    003 50 7000 0000113107 DteBk (bill of exc) 665.028,00 -

  7. Post the bill of exchange usage.

The system displays a message that the document was posted.

8. Return to the main SAP R/3 screen.