Special GL indicator W

[aman_goel]

Hi All,

How do we make payment on due date for vendor postings made through special GL indicator W - Bills of Exchange payable. The line items are not getting picked up in F110.

Thanks in advance!

Regards,

Aman

[former_member207607]

Dear Aman,

please have a look at the following steps that usually have to be followed to post bill of exchange:

Step 1: Customer invoice by FB70

Step 2: Bill of exchange issue by F110

Step 3: Bill of exchange presentation by FBWE and file creation.

Step 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

Step 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 is what the report does:

- it posts the accrual;

- it posts the risk;

- it reverses the previous overdue risk;

Step 6: FAILED PAYMENT

If the bank notifies a failed payment, it is necessary to re-open the

credit towards the customer as well as to remove the risk.

The SAP system manages this procedure through transaction FBZG.

The reference program is RFBITB01.

I hope this can help You.

Mauri

[aman_goel]

Hi,

Thanks for your reply. However the steps you have mentioned seems to be for Bills Receivable for Customer.

We have followed following steps,

1. Posting of Vendor Invoice thru FB60.

Expenses Account Dr

To Vendor Account

2. Automatic Payment Run using payment method configured for Bills of Exchange Payable. The items are picked up before due date since it is bills of exchange payment method.

Vendor Account Dr

To Alternative Reconciliation Account (Special GL)

Note here we are not passing an additional entry for Bills Liability towards bank.

3. Now we have to clear this Special GL entry on due date when payment needs to be made to Vendor.

My question is how to pay this item. Since we are not passing additional entry for Bills Liability towards bank, we cannot execute FBWD.

Thanks,

Aman