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Background documentation Posting Procedure for Bills of Exchange Receivable  Locate the document in its SAP Library structure

For bills of exchange receivable, there are three events which are posted in Financial Accounting:

This graphic is explained in the accompanying text

  1. Payment by Bill of Exchange
    Firstly, the payment by bill of exchange is posted and used to clear the receivable against the customer. There is a now a bill of exchange receivable which is recorded on the customer account and the special G/L account.
  2. Bill of Exchange Usage
    If the bill of exchange is used for refinancing and is passed on to a bank, then the bill of exchange usage must be posted. The bill of exchange liability (liability to recourse) that you now have is recorded on special accounts in the system until it has expired.
  3. Cancel the Bill of Exchange Liability
    Once the due date of the bill of exchange has elapsed, including any country-specific period for the bill of exchange protest, you can cancel the bill of exchange receivable for your customer and the bill of exchange liability.