Reverse Contingent Liability 

The expiration day and the country-specific protest period have now expired so that you can cancel the bill of exchange liability. You have no recourse liability any more (bill of exchange liability).

With the help of the reverse contingent liability you clear the open item on the accounts receivable 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 ® Reverse contingent Liability.
  3. The system displays the Reverse Bill Liability: Header Data . Enter the following data:

Field

Data

G/L account

125000

Document date

Due date

Usage

D

Due by

End of period

Customer

2145

4. Select Edit ® Edit line items.

Ignore possible warnings about the document date with Enter.

The system displays the selected items.

5. Position your cursor on the item, you want to select. Then select Edit ® Item on/off, to

activate the item.

  1. Select Document ® Post.

    2. The system confirms with the message that the document was posted.

  2. Return to the main SAP R/3 screen