When posting a bill of exchange receivable you will levy bill charges on your customer. These charges include collection or discount charges. Similarly, if you pass on a bill of exchange to a bank, you will be liable to pay bank and bill charges.

To post bill charges you will need to ensure the following are in place:

• The accounts for the bill charges must be created. Revenue and expense accounts are required. To enable automatic account determination, these account numbers must be predefined in the system.
• The posting keys that are required by the system for posting are already stored in it. You should not make alterations to these.

• In order to be able to input the bill charges, you must first specify the company code to which the bill of exchange is posted.

• If special terms of payment apply to the bill charges, enter these in the customer master record.