If you have posted the bill of exchange manually, you must also reverse the bill posting to the special G/L account "Contingent liabilities from checks/bills of exchange" and clear the liabilities account (see Payment by Check and Bill of Exchange). You can make these postings once the due date has elapsed, including any country-specific protest period.

You reverse the bill liability by carrying out the following steps from the Accounts Payable area menu:

1. Choose Document ® Special G/L trans ® Reverse check/BofE.

The system displays the screen Reverse Check/Bill of Exch.: Header Data.

2. Enter the document header data and the data required for document selection.

In the field General Ledger, enter the account number of the special G/L account for checks/bills of exchange. Additional selections by due date, document number and customer/vendor account number are also possible.

3. Choose Enter.

The system displays the selected bills of exchange. For each bill, the postings are shown from the vendor account and the clearing account for the bill liability.

4. Select the bill of exchange document for which you want to reverse the bill liability.
5. Choose Document ® Post.