To post a bill of exchange liability you must specify one or more bank subaccounts and posting keys to enable the system to make these postings automatically.

You specify the bank subaccount based on the chart of accounts, bank account (bank ID), usage indicator (D for discounting, I for collection, or F for forfaiting) If required, it can also be defined per reconciliation account of the customer account during system configuration. This allows you to execute the bill of exchange liability per bank and usage type.

If you differentiate bill of exchange liabilities according to reconciliation account, bills of exchange receivable from affiliated and non-affiliated companies can be displayed separately.

The bank subaccounts should be managed with line item display and open item management to enable you to monitor your current bill of exchange liability. For these accounts, you should define a sort sequence by bill of exchange due date in the master record.

The bank subaccount can be entered manually when entering the bill of exchange usage. In this case the configuration entry is overridden.

The posting keys are predefined in the system. The standard posting keys for debit and credit postings are used for G/L accounts.