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Case 2: Clearing Open Items With a Deposit  Locate the document in its SAP Library structure

You have cleared open items with the bill of exchange payment. The bill of exchange was used for discounting.

This graphic is explained in the accompanying text

This example shows the following entries:

  1. You have cleared open items with the bill of exchange payment.
  2. You have deposited the bill of exchange at a bank (bill of exchange deposit).

    3. To reverse the bill of exchange (for example, if the customer defaults on payment and you become liable for the amount), make the following postings:

  3. Post a debit entry to your bank account. By doing this, you offset the original incoming payment. You make the offsetting entry to the customer account. In this way, a new receivable is created from the customer.
  4. Reverse the bill liability in the bill liabilities account (bank clearing account) and the bill of exchange payment in the customer account. The system posts to the special G/L account automatically.

In this case, you should reverse the bill of exchange payment as follows:

  1. Reverse the potential bill liability. You can find more information in Reversing the Bill Liability of a Check/Bill of Exchange in Accounts Receivable

    2. Following reversal of the bill of exchange liability, the bank account still contains the payment receipt, and the customer account is now missing the receivable. You rectify this situation by making the following entries.

  2. Post the bank debit entry to the bank account and the offsetting entry to the customer account.

To do this, choose Document entry ® Invoice.

For further information on posting an invoice, refer to FI - Document Posting

The system clears the payment by bill of exchange from the customer account and the bank sub-account for the bill of exchange liability in step one above. The customer receivables are booked in step two.