Bills of exchange - further steps after F-33 (Discounting)

[Former Member]

Hi

We have bills of exchange from customer. First i posted incoming bills of exchange in TCode: F-36.

Entry was posted

Customer A/c Dr (Special GL W for Bills of exchange).. Rs.1000

To Customer A/c Rs.1000

Then i discounted with TCode: F-33

Entry was posted

Bank Incoming A/c.. Dr Rs.950

Bank Charges A/c.. Dr Rs. 50

To Bank BOE A/c Rs.1000

Now there are two possiblity that customer will honour it or customer may not honour.

Please let me know by which tcode i can do above scenarios. I tried with F-20 and FBW5. But i did not got it.

Please help

Edited by: Meenu_ND on Dec 12, 2011 10:46 AM

[former_member318765]

1. Please use transaction FB70 to post customer invoice

2. Please use transaction F-36 to post BoE document

3. Please use transaction F-33 to post bill of exchange usage for

Discounting.

4. Please use transaction FBW4 to clear the BoE.

a. Without checkbox 'Failed BoE' BoE document in step 2 and BoE

Discount account in step 3 gets cleared.

b. With checkbox 'Failed BoE' step 3 gets reversed and BoE document

in step 2 'Used on' details get erased.

Hope this clarifies the standard BOE process.

Kind Regards

Soumya

[Former Member]

Thanks

It worked properly for scenario where customer honoured bills of exchange. (i.e. without failed BOE check)

But when i tried scenario for customer dishonouring bills of exchange (i.e. with failed BOE check), it gave error:

"No failed bill of exchange defined for reverse contingent liability"

I just check that "failed BOE" and entered GL account. But i do not know why this error is coming.

Please help.

Edited by: Meenu_ND on Dec 12, 2011 3:45 PM

[former_member318765]

Hi,

BoE documents are selected based on the BoE due date and you may pass posting date.

Also note that there must be an entry in the table for failed payment transactions (table TINSO) for the failed bill of exchange.

Please check this.

Kind Regards

Soumya

[Former Member]

Hi..

Due date is OK in my case.

How to update this TINSO table. Please help.

Edited by: Meenu_ND on Jan 15, 2012 7:54 AM