Post-Dated Cheque Processing Demonstration

1. Define a Posted-dated Cheque Account which is an Asset Account.

2. Payment Receipt

Make sure:

- PD Cheque Check Box is checked

- Cash Account is the Account defined in Step 1

- Receipt Date is fiscal date

- Ref No. is the cheque number

- Cheque Date is entered.

3. After Payment Receipt is posted, in GL Voucher

Erpro will

Debit Post-Dated Cheque

Credit Account Receivable

4. In Post-Dated Cheque Posting

5. When Post-Dated Cheque Date meet. In ERPro Today will stated that there is 1 Post-Dated Cheque waiting to process. You can now bank in the Post-Dated Cheque.

6. After the Post-Dated Cheque is banked in. Select the Cash Account and post the Post-Dated Cheque.

7. In GL Voucher

Erpro will

Credit Post-Dated Cheque

Debit Cash Account

And the Voucher Date is the cheque date