Check/Bill of Exchange in Accounts Payable
Check/Bill of Exchange in Accounts Payable
Under the check/bill of exchange in Accounts Payable, you pay an invoice with a check. At the same time, you send a bill of exchange to your vendor. The vendor is recorded on the bill of exchange as the drawer, and your company code is entered as the drawee. Your vendor returns the bill of exchange to you signed, enabling you to pass it on for bill of exchange usage.
See also:
Payment by Check and Bill of Exchange Check/Bill of Exchange: Bill of Exchange Usage Requirements for Posting a Check/Bill of Exchange in Accounts Payable Bill of Exchange Payable Arising From Bill of Exchange IssueEntering and Posting a Check/Bill of Exchange in Accounts Payable Check/Bill of Exchange in Accounts Payable and the Payment Program Posting the Bill of Exchange Usage for a Check/Bill of Exchange in Accounts Payable Posting the Payment of a Check/Bill of Exchange in Accounts Payable Reversing the Bill Liability of a Check/Bill of Exchange in Accounts Payable Reversing an Accounts Payable Check/Bill of Exchange Displaying an Accounts Payable Check/Bill of Exchange Changing an Accounts Payable Check/Bill of Exchange