Bills of Exchange g/l configuration guide required!!!!

[Former Member]

Dear Experts,

I want to create Special GLs for making bills of exchange transactions. Kindly give me complete configuration guide for this.

Thanks in advance.

Regards,

Zain

[Former Member]

Hi Zain,

Please find the following procedure for Bill of Exchange configuration:

1. 1. Create special GL indicator for account type D and assign the reconciliation and alternative reconciliation GL's in OBYN.
   2. Link between Bank account and bank discounting account and reconciliation account in OBYK.
   
   After configuration, check the test case with following.
   
   A. Enter customer Invoice (F-22/FB70)
   B. Bill Exchange payment(F-36)
   C. BOE Discounting(F-33)
   D.Reverse contingent liability(F-20).

(Or)

1. By OBB8 create a payment term with the payment method "R" inside and I'd link this payment term to the customer master data.

2. Transaction OBYN to create a special G/L indicator W for Account type D. Here you have to link the reconciliation account defined into the customer master data to a Special G/L Account.

3. Create the payment method R into the Country and into the Company Code by FBZP --> as bill of exchange (incoming payment)
Then You have to create a dummy internal bank by FI01

4. Customize the table T045W

5. Customer invoice (FB70, F-22)

6. Bill of exchange payment (F-36) or F110 in case of automatic procedure

7. Post bill of exchange (F-33 FBW3) or FBWE

8. F-06 Manual posting (DEBIT BANK account, CREDIT BANK bill of exchange collection)

8. Reverse bill liability (F-20 FBW4) or by the report RFWOBL00

9. In case of failed payment FBZG, program RFBITB01

Regards,

Umamageshwaran.S

[Former Member]

Thank you so much Umamageshwaran.S for your reply. Can you kindly tell me how much g/l accounts i should create in FS00. My understanding is to create one special gl under current assets as bills of exchange from customer and one special gl under current liability as bills of exchange  to vendors.

Also if you kindly tell me what indicators i should set in those special GLs.

Looking forward to hear from you,

Warm Regards,

Zain.

[former_member207607]

Dear Zain,

in transaction OBYN You should define:

Chart of Accounts    Yours  

Account Type         D     Customer

Special G/L ind.     W     Bill of exchange receivable

Recon. acct   Special G/L account  Planning level

Yours            125000     (for example)

--> properties

x          bill of exchange

Debit                                    Credit

09  Bill of exchange                     19  Reverse b/e recvble

FS00 --> 125000

the G/L Account 125000 should have the following caracteristics:

Balance sheet account

sort key 007

line item display

relevant to cash flow

Remember to link the bank account to bank subaccount for liab into table T045W.

I hope this helps.

Mauri

[Former Member]

Hi Zain,

Please use the Special G/L Indicator B for Bill of exchange receivable

And Special G/L Indicator R for Bill of exchange payment request.

Regards,

Umamageshwaran.S

[former_member207607]

Dear Zain,

there are the more relevant steps for the receivable bill of exchange:

1. INVOICE POSTING by FB70, F-22

2. BILL OF EXCHANGE ISSUE by F110  or manually by F-36

3. BANK PRESENTATION by FBWE

4. CREDIT MEMO POSTING
When the bank credits the account with the amount of bank receipts, it
is necessary to carry out a manual collection posting: Debits: Bank
current account; Credits: Bank - Bank receipts for collection account
(transaction F-06).

5. ACCRUAL
The accrual can be executed according to two different methods:
A.Manual: transaction F-20;
B.Through the running of program RFWOBL00 (by means of a daily
job); this program has three functions:
-it posts the accrual;
-it posts the risk;
-it reverses the previous overdue risk;

By F-20 You will clear the RI.BA.

6.in case of unpaid: transaction FBZG, program RFBITB01

I hope this can help.

Mauri