Bills Of Exchange for Vendor

Sir/Madam,

my client requirement is Bills of exchange for Vendor payment. i searched in SCN and google, but there is no related document for configuration, i got only for Bills of Exchange for Customer Receipts only. Can any one provide me the full process and configuration for this Bills of exchange for Vendor Payment only.

In my client view i got this following requirement,

1. Vendor Payment Open item in vendor account,

2. Vendor asking for payment form us , but we are paying after 1 month.

3. so we decide to pay to vendor by Bank( Bills of exchange )

4.Bill Amount is Rs.100.

5. Bank pay to Vendor is Rs.97.

6 .Rs.3 is discount

7. after 1 month we pay Rs.97 to bank and get the bill.

8. We are earning Rs.3 as Income.

How can we do the configuration for this process ?

Prince