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Re: [sap-acct] FD33 - Payment History for payments with Bill Of Exchange

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Posted by psuryaprasad
on Dec 11 at 9:29 AM
Thanks Roy very good info for every one,

Psp

---------------Original Message---------------
From: Roy B
Sent: Wednesday, December 08, 2010 11:03 AM
Subject: FD33 - Payment History for payments with Bill Of Exchange

This is correct. Bills of Exchange are not immediately payments. They are another form of receivable which will turn into a payment if and when they are honoured on presentation, so they are conditionally payment documents but they have already cleared invoices. If a BoE remains unpaid you sue on the Bill, not the original debt. It is rare for BoE to be dishonoured because this is a prima facie act of bankruptcy and in some countries, like France, is a criminal act inviting a visit from the police.

Regards, Roy

Roy Brookes AFA, FInstBA,
SAP? Financials Expert
Senior SAP? Financials Consultant
Tel: +49 171 268 9635 (mobile)
Tel: +49 40 793 19642 (landline)
Skype ID: roystonbrookes
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Software Partner Solutions
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