Bills of Exchange Receivable 
Bills of Exchange Receivable
Bills of exchange receivable are managed using the special G/L method in the SAP System. When posting a bill of exchange receivable, you normally clear open items or post the payment as a payment on account. The system posts a bill of exchange receivable to the customer account and reduces the receivables from goods and services on the reconciliation account. The bill of exchange receivable is also automatically posted to the special G/L account for bills of exchange receivable in the general ledger. Information on posting a bill of exchange receivable can be found in
Posting Procedure for Bills of Exchange ReceivableYou can monitor the existing bill of exchange receivable at any time via the customer account. The special G/L account for bill of exchange receivables shows you the total amount of bill of exchange receivables that exist for the customers represented in this account. Bills of exchange receivable are not canceled until they have been cleared.
For information on the specifications to be made when posting bills of exchange, refer to
Posting a Bill of Exchange ReceivableOnce you have presented the bill of exchange to a bank for financing, you post the bill of exchange usage. You now have a bill of exchange liability since, as a drawer, the bank has liability to recourse if your customer fails to honor the bill. This potential liability is posted to a bank subaccount and deleted once it has expired.
If you wish to pass on bills of exchange to a bank, the presentation list required can be created automatically. If you like, you can also arrange for bill of exchange usage to be posted automatically or for posting to be prepared. This only applies to bills of exchange posted before the due date of the invoice, as is the case in Italy.
You can find out what preparations are necessary for bill of exchange usage in
Posting the Usage of a Bill of Exchange ReceivableOnce the bill of exchange is due for payment and any protest period has elapsed, you can cancel the bill of exchange receivable and the bill of exchange liability. You can define a country-specific bill of exchange protest period in Customizing.
Bill charges
are normally passed on to the customer. The system posts these amounts to the customer account and the corresponding revenue accounts. You can find out what preparations are necessary for the bill charges statement by referring to Bills of Exchange Receivable: Bill ChargesFor bank bills and bill of exchange payment requests, there are certain special features that must be borne in mind when drawing-up and posting these items. Bank bills and bill of exchange payment requests are most common in Spain, France, and Italy. For further information, refer to
Bank Bills and Bill of Exchange Payment Requests.See also:
Bills of Exchange Receivable: Introduction Posting Procedure for Bills of Exchange Receivable Posting a Bill of Exchange Receivable Bills of Exchange Receivable: Bill Charges Posting the Usage of a Bill of Exchange Receivable Bill of Exchange Liability at the Bank Payment Period for Bills of Exchange
Entering and Posting Bills of Exchange Receivable Entering and Posting Bill of Exchange Usage Reversing Bills of Exchange Displaying Bills of Exchange Receivable Changing Bills of Exchange Receivable