Creation of 2GL Masters

Creating G/L Masters (Use t-code FS00)

1. Sundry debtors (Bills of Exchange) 

Step 1) Give the G/L account number, company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L we created previously (Sundry Debtors) and Company code
Press Enter

Step 3) Change the short and long text.
Other fields are common

Step 4) Select the save buttonwe get a message below

2. SBI bill discounting

Step 1) Give the G/L account number, company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L we created previously (SBI rupee term loan) and Company code
Press Enter

Step 3) Change the short and long text.
Select Control data tab

Step 4) Select Open item management checkbox
Select Create/bank/interest tab

Select Post automatically checkbox

Step 5) Select the save buttonwe get a message below

Bill Discounting

Bill Discounting

Path: Accounting - Financial Accounting - Accounts Receivable - Document Entry - Bill of Exchange - Discounting (Transaction code is F-33)

Step 1) Populate the following fields: Document Date, Type, Company Code, Bank Account, Business Area, Amount, Text, Posting key and Account.
Press Enter

Step 2) Populate the fields: Amount, Business Area and Text
Choose Select bill of exchange button

Step 3) Give the document number (Bill of exchange payment document number)

Step 4) From the menu select Document - simulate to view document details

Step 5) Select the save buttonwe get message below

Bill of Exchange Payment

Bill of Exchange Payment

Path: Accounting - Financial Accounting - Accounts Receivable - Document Entry - Bill of Exchange (Transaction code is F-36)

Step 1) Populate the following fields: Document Date, Type, Company Code, Posting key.
Select Customer account from drop down menu
Select the Special GL Indicator from drop down menu
Press Enter

Step 2) Populate the fields: Amount, Business Area, Text, Due on, Domicile and Central Bank Location
Select Discounting for Planned usage
Select Choose open items button

Step 3) Select Process open items button

Step 4) Double click on receivable 100000/-

Step 5) From the menu select Document - simulate to view document details

Step 6) Select the save buttonwe get message below

Reverse Contingent Liability

Reverse Contingent Liability

Path: Accounting - Financial Accounting - Accounts Receivable - Document Entry - Bill of Exchange - Reverse Contingent Liability (Transaction code is F-20)

Step 1) Populate the following fields: Document Date, Type, Company Code, GL account, Usage, Due by and Customer
Select Edit line items button

Ignore warning message

Press enter

Step 2) Select + (Set items to active) for command Column
Select the save button
From the menu select Document - Display

Bill Discounting in SAP

Bill Discounting in SAP
When goods are sold to the customer on credit basis the company (drawer) will issue bills of exchange on the customer (drawee) stating the payment due date. In case company is in need of payment before the maturity of the due date it can discount the bill of exchange with bank. The bank charges discount as it needs commission for the service rendered. The bill is sold less than face value.
Example: If face value of bill is 100000/- and bank charges discount of 5% i.e 5000. Then selling price of bill would be 95000/-
After the maturity of the bill due date, the bank will collect the amount of bill from the customer. If customer makes payment to the bank no liability on company. In case if customer dishonours the bill then bank can recover the same form the company (liability on company).

Bill Discounting Customization

1. Creation of 2GL Masters

2. Link Between Sundry Debtors and Sundry Debtors Bill Of Exchange

3. Link Bank Current Account, Sundry Debtors and Bank Bill Discounting Accounts

End User Area

1. Sales Invoice Posting

2. Bill of Exchange Payment

3. Bill Discounting

4. Report to View Customer wise, Document wise and Bank wise Outstanding

5. Reverse Contingent Liability

Link Bank Current Account, Sundry Debtors and Bank Bill Discounting Accounts

Link Bank Current Account, Sundry Debtors and Bank Bill Discounting Accounts

Path: SPRO - Select SAP Reference IMG - Financial Accounting - Bank Accounting - Business Transactions - Bill of Exchange Receivable - Present Bill of Exchange Receivable at Bank - Define Bank Subaccounts (Transaction code is OBYK)

Select the menu path

Step 1) Select New Entries button

Step 2) Populate the fields: Chart of accounts, Bank account, Usage, Special GL Indicator, Customer Reconciliation account and  Bank subaccount for liability 

Step 3) Select the save buttonwe get a message below

Report to View Customer wise, Document wise and Bank wise Outstanding

Report to View Customer wise, Document wise and Bank wise Outstanding

Path: Accounting - Financial Accounting - Accounts Receivable - Periodic Processing - Bill of Exchange Processing - Korea - Bill of Exchange Management (Transaction code is S_ALR_87012213)

Step 1) Give Chart of accounts, G/L account, Company code
Select Special GL Indicator and Usage from drop down menu
Select Discounted/Collected radio button
Execute

Step 2) Select current layoutbutton in next screen
Keep the fields Due Date, Document Number, Customer, Drawee, Drawer, Document Date and Domicile
Select Copy layout button

Now we see the fields that are copied

Link Between Sundry Debtors and Sundry Debtors Bill Of Exchange

How to Link Sundry Debtors and Sundry Debtors Bill of Exchange

Path: SPRO - Select SAP Reference IMG - Financial Accounting - Bank Accounting - Business Transactions - Bill of Exchange Receivable - Post Bill of Exchange Receivable - Define Alternative Reconciliation Account for Bills/Exchange Receivable (Transaction code is OBYN)

Select the menu path

Step 1) Double click on Special G/L Indicator W

Step 2) Give Chart of Accounts
Press Enter

Step 3) Give Reconciliation account (Sundry Debtors) and special G/L account (Sundry Debtors Bills of Exchange)

Step 4) Select the save buttonwe get a message below