Bill of Exchange Transactions 

Use

You use this program to process bills of exchange (and checks) receivable following Turkish legal and business requirements. To access it, from the Turkey menu, choose Bills of Exchange ® Bill of Exchange Transactions.

Prerequisites

If you want to use an electronic file to instruct your bank to collect bills of exchange, check the format tree TR_BOEDME provided in the standard system to make sure that it meets the bank’s requirements (see Data Medium Exchange Engine).

To improve system performance, you can implement a Business Add-In in Customizing for Financial Accounting (FI), by choosing Bank Accounting ® Business Transactions ® Bill of Exchange Transactions ® Bill of Exchange Receivable ® Post Bill of Exchange Receivable ® Bill of Exchange Portfolios ® Business Add-Ins ® Dynamic Selections in Bill of Exchange Transactions Program.

Integration

You can reverse most of the transactions made with this program using the Reversal of Bill of Exchange Transactions program.

Features

You can use this program to:

·         Send bills to banks for collection

·         Pay vendors using bills

·         Transfer bills between portfolios

It also handles bounced bills.

It automatically creates transaction records where required, and allows you to track bills using the bill of exchange history.