Process Returned Bills of Exchange, Returned Bill of Exchange Payable
Application component: Payment Progam / Payment transfer (DE, JP, US)
App type: SAP GUI
Description:  This function enables you to have the system process returned bills of exchange payableautomatically. We are concerned here with the processing of bills of exchange payable that a business partner or his or her bank submits to your house banks for cashing. There are two different procedures here: Payment advice note to the house bank:Before the due date of the bill of exchange payable, a letter (or DME file in France) is generated to advise the bank  Which bill of exchange is expected to be submitted and how the bank should go about processing the bill.  The house bank then processes the bill according to the payment advice note and debits the account of the drawee. Not all bills of exchange are paid or settled in full. In such cases, the house bank notifies either the bank where the bill was presented, or the bank from which the bill was presented to the drawee’s bank for payment. Payment advice note to the house bank:The house bank informs the drawee which bills of exchange were presented for payment, either in the form of written confirmation or by data medium exchange, (DME). The payee checks the details supplied by the house bank and decides whether the bills of exchange are to be  paid in full, refused, or only part-paid.  The house bank, having received the decision regarding payment proceeds as is described. The function returned bills of exchange payable deals with the necessary operations. Bill of exchange selection:Depending on whether the payment advice note at the bank is in the form of a DME file, (only in France) the bills of exchange can be selected  by means of the bill of exchange liability account or or via a DME file.  When you select via the DME file, the payment advice note from the bank is imported and checked against the bill holdings. Processing of selected bill of exchange:To start with, you select the bills of exchange that you want the bank to act upon. Those bills of exchange selected via a DME file, (only in the case of France) are already flagged. This is because we can assume that they are to appear at the bank in the payment advice note. Next there are decisions regarding payment that need to be addressed.  
Business roles: Accounts Payable Accountant for Spain| Accounts Payable Accountant for France| Accounts Payable Accountant for Japan| Accounts Payable Accountant for Taiwan
Accounts Payable Accountant for Serbia: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting in Serbia.

Accounts Payable Accountant for Spain: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution.

Accounts Payable Accountant for South Korea: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution in South Korea.

Accounts Payable Accountant for Slovakia: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting in Slovakia.

Accounts Payable Accountant for Japan: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution.

Accounts Payable Accountant for Bulgaria: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution.

Accounts Payable Accountant for Taiwan: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts receivable accounting with a special focus on creation and execution.

Accounts Payable Accountant for Slovenia: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution.

Accounts Payable Accountant for France: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts receivable accounting with a special focus on creation and execution.

Accounts Payable Accountant for Argentina: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution for Argentina.

Accounts Payable Accountant for Croatia: (is an add-on role to the Accounts Payable Accountant)
Carries out the most important functions in accounts payable accounting with a special focus on creation and execution.