For the bill of exchange posting and for open item management, you need

• A special G/L account for contingent claims from checks/bills of exchange. In addition, you can define characteristics for the special G/L transaction. To learn how to do this, read "Special G/L Accounts" and "Specifications for the Special G/L Transaction".

• A clearing account for the offsetting entry for the bill of exchange liability, as well as posting keys and special G/L indicators for posting to the customer account and to the clearing account. You can read about this below in "Specifications for the Bill of Exchange Posting".