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.