The following events are documented in FI for bills of exchange payable:

1. Payment by Bill of Exchange
   You pay an invoice with a bill of exchange. As a result, the payable is cleared; A bill of exchange payable is created.
2. Bill of Exchange Charges Statement
   Your vendor sends you a bill of exchange charges statement. You post the invoice in the same way as for other invoices.
3. Payment of a Bill of Exchange
   Your bank pays the bill of exchange by debiting the amount from your account. You post the bank debit entry and cancel the bill of exchange payable and the bill of exchange liability.

In the following, the posting procedure for the bill of exchange payable is described in an example and the precautions that are to be taken to do this in the system are explained.