Posting Bills of Exchange Payable: Preparations
Posting Bills of Exchange Payable: Preparations
The general requirements for posting bills of exchange are described under "Defining Special G/L Accounts" and "Characteristics of Special G/L Transactions" in "General Requirements".
The payment program automatically posts the bill of exchange payable. The settings necessary to do this are explained in
Payments.The factors to be taken into consideration when posting bill of exchange charges are described below.
Preparing the Posting of the Bill of Exchange Charges Statement
Following receipt of your bill of exchange, your vendor sends you a bill of exchange charges statement, and you create the necessary accounts to be able to post these charges. Since these accounts are not automatically posted to, the account numbers do not need to be defined for the automatic account determination.