Bills of Exchange Payable: Payment Program Settings
Bills of exchange payable are issued at different times depending on the country in question. In Germany and Austria, it is common not to issue the bill of exchange until the due date for payment of the invoice (the bill of exchange due date will be later than the invoice due date). In other countries, in France, Italy, and Spain for example, bills of exchange are issued after receipt of invoice. The bill of exchange payment occurs before the bill due date You determine when the bill of exchange is issued by the payment program when configuring the payment program.
In contrast to the other payment methods, there are some special features that must be noted for bills of exchange payable. The following is true of bills payable:
The following is only of importance for bills of exchange issued before the due date: