Reverse Contingent Liability 

Use

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.

Procedure

  1. Call up the transaction as follows:
    2.

    Menu Path

    From the Accounts receivable node, choose Document Entry ® Bill of Exchange ® Reverse contingent liability

    Transaction Code

    F-20

  2. Enter the following data:
    3.

    Field

    Data

    Document date

    Due date

    G/L account

    125000

    Usage

    Discounting

    Due by

    End of the due period

    Customer

    2145

  3. Choose Edit Line Items.

    4. To skip any warning messages, choose .

    The selected items are displayed.

  4. Position your cursor on the item you want to select.
  5. If the item is not activated, choose On/Off.
  6. Choose Document ® Post.
  7. Choose .
  8. In the dialog box, choose Yes.