What is drawer of a bill of exchange in SAP FI - Financial Accounting?

SAP Term: drawer of a bill of exchange

• Component: FI

• Component Name: Financial Accounting

• Description: The person who issues the bill of exchange or has it issued. The issuer stipulates the terms under which payment is to be made and accepts the possibility of recourse. Unless the drawee pays the bill of exchange, the issuer is liable.

Smart SAP Assistant

• Key Concepts: 
  A drawer of a bill of exchange is a person or entity that orders the drawee to pay a certain amount of money to the payee. In SAP Financial Accounting (FI), the drawer is the customer who has issued the bill of exchange. The drawee is the bank or other financial institution that is responsible for paying the bill of exchange. 
  
  How to use it: 
  In SAP FI, the drawer of a bill of exchange can be identified by entering the customer’s name in the “Drawer” field when creating a new bill of exchange. The drawee can be identified by entering the bank’s name in the “Drawee” field. Once both fields are filled in, the bill of exchange can be created and sent to the drawee for payment. 
  
  Tips & Tricks: 
  When creating a bill of exchange in SAP FI, it is important to ensure that all fields are filled in correctly. This includes entering the correct customer name in the “Drawer” field and entering the correct bank name in the “Drawee” field. This will ensure that payments are made correctly and on time. 
  
  Related Information: 
  For more information on bills of exchange in SAP FI, please refer to SAP Help documentation or contact your local SAP support team.