Your customer has settled a receivable with a check and sent a bill of exchange at the same time. You post the check and the bill of exchange. You sign the bill of exchange as the drawer and return it to the customer. You now have a bill of exchange receivable against your customer and a bill of exchange liability. This is shown by the bill of exchange posting to the customer account and the special G/L account.

The following gives an example of the postings that are necessary for a check/bill of exchange payment:

1. You have a receivable amounting to 11,400.00 DM from your customer.
2. The customer pays with a check and sends you a bill of exchange. You post the check to the incoming checks account, clearing the receivable. The system automatically posts to the reconciliation account for goods and services.
3. In addition, you post the bill of exchange payment to the customer account. The system automatically creates the offsetting entry by posting the same amount to a clearing account. The payment by bill of exchange is automatically posted to the special G/L account for contingent claims from checks/bills of exchange.