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Detailed Process of Bill of Exchange
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Process of BILL OF EXCHANGE for INDO ALYSIS
BILL OF EXCHANGE
Posting Procedure for Bills of Exchange Receivable
For bills of exchange receivable, there are three events which are posted in Financial Accounting:
PAYMENT BY BILL OF EXCHANGEFirstly, the payment by bill of exchange is posted and used to clear the receivable against the customer. There is a now a bill of exchange receivable which is recorded on the customer account and the special G/L account.
BILL OF EXCHANGE USAGEIf the bill of exchange is used for refinancing and is passed on to a bank, then the bill of exchange usage must be posted.The bill of exchange liability (liability to recourse) that we now have is recorded on special accounts in the system until it has expired.
CANCEL THE BILL OF EXCHANGE LIABILITYOnce the due date of the bill of exchange has elapsed, including any country-specific period for the bill of exchange protest, we can cancel the bill of exchange receivable for our customer and the bill of exchange liability.
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Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
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Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 2 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Acceptance of Bills Of Exchange (F-36)
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 3 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 4 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 5 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 6 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Click Save
Bill Discounting (F-33)
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 7 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 8 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 9 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Reverse Contingent Liability (F-20)
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 10 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
Page 11 of 12
Process of BILL OF EXCHANGE for INDO ALYSIS
Prepared By: Lakhbir Singh, Sr. SAP FICO and FSCM Consultant at Mann-India Technolgies Pvt. Ltd., All Rights Reserved. This document is proprietary to Mann-India Technologies Pvt. Ltd., You may not modify, copy, reproduce, republish, upload, post, transmit or distribute any material from this document, in any form or by any means, nor may you modify or create derivative works based on the text of any file, or any part thereof for public, private or commercial use, without prior written permission from Mann-India Technologies Pvt. LtdEmail: [email protected]
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