Once the due date has elapsed including any country-specific protest period, you cancel the bill of exchange receivable and the bill of exchange liability. At this point, the bill of exchange receivable and the bill of exchange liability are still displayed on the customer account and the special G/L account. To cancel the bill of exchange you select it. This is carried out by the system.

The following example shoes the postings that are necessary to cancel the bill of exchange receivable and the bill of exchange liability:

1. The bill of exchange receivable and the bill of exchange liability are displayed on the customer account, the special G/L account and the clearing account.
2. Both are canceled by a reverse posting. To do this, the system posts the bill of exchange amount to the customer account and to the special G/L account "Contingency claims from check/bill of exchange". It also cancels the posting on the clearing account.