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Function documentation Bills of Exchange  Locate the document in its SAP Library structure

Use

In Turkey, bills of exchange and checks are among the most widespread forms of payment. The system allows you to record, store, and use them according to local legal and business requirements (see below).

The system handles both bills of exchange and checks using the system's bill of exchange functions. For this reason, references in this documentation to bills of exchange are understood here to include checks as well, unless stated otherwise.

Activities

Customizing

You set up the Bills of Exchange solution 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. Carry out all of the appropriate IMG activities, including those under Bill of Exchange Portfolios.

In addition, you create:

·        A validation that makes sure that the users work with the Turkish functions for bills of exchange, not the standard functions

·        A substitution that calculates the average due date when you enter more than one bill in the same accounting document

Day-to-Day Activities

The system allows you to process bills according to Turkish requirements. For example, it supports the use of portfolios to store bills, and automatically creates transaction records (known in Turkish as bordrolar).

In Turkey, bills are only used for two purposes, generally speaking. They are either presented to banks for collection, or to vendors by way of payment. Forfaiting and discounting are not common practice, and are not covered by the system. You make all supported postings using the Bill of Exchange Transactions program, and you can reverse most of them using the Reversal of Bill of Exchange Transactions program.

For monitoring purposes, you can use the system to call up a list of your bills of exchange. In addition, you can also display each bill's history.

Closing

When you prepare a balance sheet, you are required to adjust any bills for inflation.

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